Thursday 17 December 2015

HUL acquires 'Indulekha' brand

The deal is valued at Rs. 330 crore.


HUL1
HUL has signed an agreement with Mosons Group for acquisition of its flagship 'Indulekha' brand. The deal is valued at Rs. 330 crore.

Hindustan Unilever Ltd is currently trading at Rs. 857.55, up by Rs. 3.8 or 0.45% from its previous closing of Rs. 853.75 on the BSE.
The scrip opened at Rs. 860 and has touched a high and low of Rs. 860 and Rs. 850.5 respectively. So far 924476(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 184740.47 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 979 on 11-Mar-2015 and a 52 week low of Rs. 744 on 26-Dec-2014. Last one week high and low of the scrip stood at Rs. 867.55 and Rs. 812.05 respectively.

The promoters holding in the company stood at 67.21 % while Institutions and Non-Institutions held 18.72 % and 14.06 % respectively.

The stock is currently trading below its 200 DMA.

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