Key Developments: Hindustan Unilever Ltd (HLL.BO)

HLL.BO on Bombay Stock Exchange

737.55INR
6:23am EDT
Price Change (% chg)

Rs-12.95 (-1.73%)
Prev Close
Rs750.50
Open
Rs750.00
Day's High
Rs751.45
Day's Low
Rs730.95
Volume
123,239
Avg. Vol
112,793
52-wk High
Rs763.00
52-wk Low
Rs536.00

Search Stocks

Latest Key Developments (Source: Significant Developments)

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

Hindustan Unilever Ltd Declares Interim Dividend And Special Dividend
Friday, 26 Oct 2012 05:11am EDT 

Hindustan Unilever Ltd announced that he Board of Directors of the Company at its meeting held on October 26, 2012, inter alia, has declared an Interim Dividend of INR4.50 per equity share of face value of INR1 each for the financial year ending March 31, 2013. In addition, the Board of Directors has also declared a Special Dividend of INR8.00 per equity share of face value of INR1 each. The payment of Special Dividend will be made out of the accumulated Profit & Loss Account balance and the exceptional income generated primarily through the sale of properties in the first half of financial year ending March 31, 2013. The dividend will be paid to the shareholders on or after November 16, 2012.  Full Article

Search Stocks