Unilever: SEBI Approves Open Offer to Up Stake in Hindustan Unilever
13 Juni 2013 - 11:51AM
Dow Jones News
LONDON--Consumer goods company Unilever PLC (ULVR.LN) Thursday
said it received approval from the India market regulator, the
Securities and Exchange Board of India, for its voluntary open
offer to increase its stake in Hindustan Unilever Ltd. (500696.BY)
from 52.48% to up to 75%, saying the tender period will begin on
June 21 and end July 4.
MAIN FACTS:
-HUL's shares are traded on the BSE Ltd and on the National
Stock Exchange of India Ltd.
-Unilever PLC shares at 0919 GMT down 34 pence or 1.3% at 2,615
pence in London, valuing the company at GBP34 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
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