Hindustan Unilever Ltd.

Country’s largest insurers, Life Insurance Corporation (LIC) has sold 6.73 crore shares of FMCG major Hindustan Unilever (HUL), making Rs 4,039 crore through the deal. The insurer sold the shares at Rs 600 per share. Recently, Unilever Plc increased its stake in its Indian subsidiary to 67.28% through a buyback of shares.

Hindustan Unilever is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch Company Unilever which owns a 67% controlling share in HUL. HUL’s products include foods, beverages, cleaning agents and personal care products.