Unilever offers $5.4 billion to boost stake in Indian subsidiary

Unilever makes a record offer to raise its holding in Hindustan Unilever from 52.48% to 75%.

Unilever offers $5.4 billion to boost stake in Indian subsidiary

Unilever has made a voluntary open offer to raise its holding in Hindustan Unilever to 75% from 52.48%. The transaction would represent the biggest stake enhancement in the Indian market and the largest acquisition in the country’s consumer sector.

The Anglo-Dutch consumer giant will pay 4.1 billion Rs292.2 billion, $5.4 billion at Rs600 a share for the increased holding in its Indian publicly listed subsidiary, according to a stock exchange filing on Tuesday.

...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...