HUL surges to record; Unilever raises stake

Jul 05, 2013, 10.15 AM IST

Hindustan Unilver's shares gained on Friday after Unilever, its parent company, acquired over two-thirds of the Indian unit.

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HUL surges to record; Unilever raises stake

Hindustan Unilver's shares gained on Friday after Unilever, its parent company, acquired over two-thirds of the Indian unit.

Like this story, share it with millions of investors on M3

HUL surges to record; Unilever raises stake

Hindustan Unilver's shares gained on Friday after Unilever, its parent company, acquired over two-thirds of the Indian unit.

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Shares in Hindustan Unilever gained as much as 5.1 percent to a record high on Friday after Unilever said it had acquired a little over two-thirds of the Indian unit following the close of a voluntary tender offer.

Also Read: Deepak Fertilizers up 4% on stake buy in Mangalore Chemical

Hindustan Unilever shareholders tendered 319.7 million shares to the offer, taking Unilever's holding in the unit to 67.28 percent from 52.48 percent, Unilever said in a statement on Thursday.

Hindustan Unilever shares were up 3.7 percent at 9:24 a.m. after earlier hitting an all-time high of Rs 632.

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