Hindustan Unilever Ltd.

Hindustan Unilever’s (HUL) parent company Unilever has acquired 14.80% stake in the company against target of 22.5% in Indian unit on closing of open offer. Following this, Unilever’s holding in the company has increased to 67.28% from 52.48%.

Unilever will have to pay Rs 19,202 crore to investors at Rs 600 per share. Unilever had planned to pay up to Rs 29,200 crore to increase its stake in HUL to 75%, the maximum a promoter can own in a listed company.