Key Developments: Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

738.35INR
6:22am EDT
Price Change (% chg)

Rs6.85 (+0.94%)
Prev Close
Rs731.50
Open
Rs731.00
Day's High
Rs745.00
Day's Low
Rs723.50
Volume
111,511
Avg. Vol
88,347
52-wk High
Rs771.00
52-wk Low
Rs536.00

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Latest Key Developments (Source: Significant Developments)

Unilever Plc Announces Increase Of Stake In Hindustan Unilever Ltd
Thursday, 13 Jun 2013 05:15am EDT 

Unilever Plc announced that it has received approval from the India market regulator, the Securities and Exchange Board of India (SEBI), for its voluntary open offer to increase its stake in Hindustan Unilever Limited (HUL) from 52.48% to up to 75%. The tender period will commence on June 21, 2013 and will end on July 4, 2013. The Offer is being managed by HSBC Securities and Capital Markets (India) Private Limited.  Full Article

Hindustan Unilever Ltd To Roll Out Liquid Detergent Surf Excel Liquid At INR230/Litre-The Economic Times
Thursday, 9 May 2013 06:28pm EDT 

The Economic Times reported that Hindustan Unilever Ltd will soon launch the first liquid laundry detergent, hoping that affluent consumers will pay a premium for a product that promises to make their laundry chore easier. At INR230 for a litre, Surf Excel Liquid will be the expensive daily use detergent product.  Full Article

Unilever Plc's $5.4 Billion Open Offer For Hindustan Unilever Ltd To Begin On June 21-The Economic Times
Wednesday, 8 May 2013 10:42am EDT 

The Economic Times reported that Hindustan Unilever Ltd said the $5.4 billion-open offer by parent firm Unilever Plc to buy 22.52% stake in the Company would begin on June 21. Anglo-Dutch consumer goods giant Unilever Plc is looking to hike stake in Indian arm Hindustan Unilever Ltd (HUL) to 75% through the open offer. Currently, it has a stake of 52.48%. Unilever will pay INR600 a share, valuing the open offer at $5.4 billion. The open offer would begin on June 21 and close on July 4, HUL said in a regulatory filing.  Full Article

Hindustan Unilever Ltd Announces Voluntary Open Offer From Unilever PLC And Unilever NV
Friday, 3 May 2013 07:55am EDT 

Hindustan Unilever Ltd announced that the Board of Directors at their meeting held on May 03, 2013 has taken note of the Voluntary Open Offer for acquisition of 22.52% of the Voting Share Capital of the Company, made by Unilever PLC along with Unilever NV in capacity as person acting in concert with the Acquirer. Further, in terms of the requirements of Regulation 26(6) the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 the Board of Directors has constituted the Independent Directors' Committee to provide reasoned recommendation to the shareholders on the Voluntary Open Offer from the Acquirer. The Committee shall consist of all Independent Directors of the Company, i.e. Mr. Aditya Narayan, Mr. S. Ramadorai, Dr. R. A. Mashelkar, Mr. O. P. Bhatt and Dr. Sanjiv Misra and Mr. Aditya Narayan shall act as the Chairman of the Committee.  Full Article

Unilever PLC To Raise Stake In Hindustan Unilever Ltd-Reuters
Tuesday, 30 Apr 2013 12:14am EDT 

Reuters reported that Unilever PLC will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever Ltd to up to 75%. Unilever said it would acquire up to 487 million shares, or 22.52% of the equity, of Hindustan Unilever in an open offer for INR600 a share, 20.6% premium to April 29, 2013 closing price. HSBC is the manager to the offer.  Full Article

Hindustan Unilever Ltd Recommends Final Dividend
Monday, 29 Apr 2013 04:25am EDT 

Hindustan Unilever Ltd announced that the Board of Directors of the Company at its meeting held on April 29, 2013, inter alia, has recommended a final dividend of INR6.00 for the financial year ended March 31, 2013 on Equity Shares of INR1 each.  Full Article

Hindustan Unilever Ltd Announces Investment In M/s. Aquagel Chemicals Private Limited
Thursday, 4 Apr 2013 08:15am EDT 

Hindustan Unilever Ltd announced that the Company has entered into a Share Purchase Agreement with the promoters of M/s. Aquagel Chemicals Private Limited (ACPL) for acquisition of 74% of the equity share capital of ACPL. The Company was earlier holding an investment to the extent of 26% of the equity share capital of ACPL. Consequent to the acquisition of remaining 74% of the equity share capital, ACPL has become a wholly owned subsidiary of Hindustan Unilever Ltd with effect from April 01, 2013.  Full Article

Hindustan Unilever Ltd Announces Allotment of Equity Shares
Tuesday, 20 Nov 2012 04:22am EST 

Hindustan Unilever Ltd announced that the committee of the board in its Meeting held on November 20, 2012 has allotted 27,800 Equity Shares of INR1 each.  Full Article

UPDATE 1-Hindustan Unilever sees India consumer spending weak after Q2 profit

MUMBAI, Oct 27 - Hindustan Unilever Ltd, controlled by consumer goods giant Unilever Plc , warned India's consumer spending will remain weak as the economy sags after its own profit rose 8 percent on robust sales of soaps and detergents.

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