Unilever gets SEBI nod for $5.4 bn open offer for HUL

Last Updated: Thursday, June 13, 2013, 21:06

Anglo-Dutch consumer goods giant Unilever Plc Thursday said it has received approval from SEBI for its USD 5.4 billion-open offer to buy 22.52 percent stake in its Indian arm--Hindustan Unilever Ltd (HUL).

Unilever's $5.4 bn open offer for HUL to begin on June 21

Last Updated: Wednesday, May 8, 2013, 21:29

Once complete, the open offer would be one of the biggest deals and fifth largest India Inbound M&A transaction on record till date.

Unilever-HUL deal largest Indian inbound M&A on record

Last Updated: Wednesday, May 1, 2013, 14:33

Unilever Plc's USD 5.4 billion bid for a 23 percent stake in Hindustan Unilever is the largest Asia Pacific cross border inbound merger and acquisition (M&A) deal so far this year and is the fifth largest India Inbound M&A transaction on record till date.

NSE Nifty gains 26 points; HUL steals the show, soars 17%

Last Updated: Tuesday, April 30, 2013, 21:42

A stellar rally in FMCG stocks, particularly in HUL, buoyed by parent Unilever's open offer to raise stake in its Indian subsidiary, helped the benchmark CNX Nifty to close higher by another 26 points on the National Stock Exchange (NSE) Tuesday.

HUL settles with over 17% gain; m-cap soars by Rs 18,550 cr

Last Updated: Tuesday, April 30, 2013, 19:41

Shares of Hindustan Unilever Ltd Tuesday shot up by over 17 percent, adding Rs 18,550 crore to market cap, after its parent Unilever Plc said it will spend USD 5.4 billion (over Rs 29,380 crore) to raise stake in HUL to 75 percent through an open offer.

Unilever to spend $5.4 bn to raise stake in Hindustan Unilever

Last Updated: Tuesday, April 30, 2013, 13:25

Anglo-Dutch consumer goods giant Unilever Plc will spend USD 5.4 billion (over Rs 29,380 crore) to hike stake in its Indian arm Hindustan Unilever to 75 percent through an open offer.

HUL shares jump over 7% on smart Q4 results

Last Updated: Monday, April 29, 2013, 18:39

Hindustan Unilever scrip on Monday surged over 7 percent after the FMCG major posted 14.65 percent increase in net profit for the quarter ended March 31.

HUL Q4 net up 15% at Rs 787 cr; FY13 profit at Rs 3,829 cr

Last Updated: Monday, April 29, 2013, 15:48

Hindustan Unilever Ltd Monday posted 14.65 increase in its net profit at Rs 787.20 crore for the fourth quarter ended March 31, 2013, on the back of robust sales across various business verticals.

Risk of modest slowdown in India, says Unilever

Last Updated: Friday, April 5, 2013, 15:43

FMCG giant Unilever has said there is a risk of modest slowdown in key emerging markets such as India, even as consumer demand here remains robust.

Hindustan Unilever in pact to acquire Aquagel Chemicals

Last Updated: Thursday, April 4, 2013, 19:50

HUL already holds an investment to the extent of 26 percent of the equity share capital of Gujarat-based ACPL.

Unilever sees Africa as major FMCG market, after BRIC nations

Last Updated: Tuesday, March 19, 2013, 21:43

"Africa is the next frontier of growth. It will become next to Asia. The question is whether it is going to happen in 10 years or 15. We don’t know", Unilever Chief Operating Officer Harish Manwani told reporters here.