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Unilever cleared to increase Hindustan stake from June 21

Plans to increase its stake in HUL to as much as 75%

Reuters London
Last Updated : Jun 13 2013 | 3:08 PM IST

Unilever said on Thursday it would start to increase its stake in its Hindustan business from June 21 after it gained approval from the Indian market regulator.

The Anglo-Dutch giant said in April it would pay up to $5.4 billion to raise its stake in its Indian subsidiary, India's largest consumer goods maker, to as much as 75% from 52% at present.

 

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First Published: Jun 13 2013 | 3:00 PM IST

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