Shares in Hindustan Unilever gained as much as 5.1 percent to a record high on Friday after Unilever said it had acquired a little over two-thirds of the Indian unit following the close of a voluntary tender offer.
Hindustan Unilever shareholders tendered 319.7
million shares to the offer, taking Unilever's holding in the unit to 67.28 percent from 52.48 percent, Unilever said in a statement on Thursday.
Hindustan Unilever shares were up 3.7 percent at 9:24 a.m. after earlier hitting an all-time high of 632 rupees.
No comments:
Post a Comment