Hindustan Unilever Ltd.

Hindustan Uniliver’s promoter Unilever has reportedly received Securities and Exchange Board of India’s (SEBI’s) approval to increase its stake in the company from June 21. Earlier in April, Unilever, the Anglo-Dutch giant said it would pay up to $5.4 billion to raise its stake in its Indian subsidiary, India’s largest consumer goods maker, to as much as 75% from 52% at present.

As on March 31, 2013, the promoters holding in the company stood at 52.48%, while Institutions and Non-Institutions held 30.17% and 17.35% stake in the company, respectively.