Hindustan Unilever Ltd.

Anglo-Dutch consumer goods giant Unilever’s voluntary open offer to increase its stake in Hindustan Unilever (HUL) will begin Friday, and will remain open till July. Although the open offer price is fixed at Rs 600 a piece, the company will offer an additional bonus of Rs 6 per share.

Unilever would pay as much as $5.4 billion or over Rs 29,380 crore to hike stake in its Indian unit, HUL, to 75% through an open offer. Currently, Unilever holds 52.48% in HUL and post the open offer its stake will go up to 75%. 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.