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HUL forms committee to advise shareholder’s on parent company’s open offer

06 May 2013 Evaluate

FMCG major, Hindustan Unilever has constituted a committee of independent directors to provide reasoned recommendation to the shareholders on the $5.4 billion voluntary open offer by its parent, Unilever Plc.  The committee would consist of all the five independent directors of the company--Aditya Narayan, S Ramadorai, R A Mashelkar, O P Bhatt and Sanjiv Misra.

Anglo-Dutch consumer goods giant Unilever Plc will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever (HUL). The parent company would acquire up to 487 million shares or 22.52% of the equity, of HUL in an open offer for Rs 600 a share.  The deal on completion would be 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.

Hindustan Unilever Share Price

2287.90 15.10 (0.66%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2287.90
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Dabur India 487.60
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