Hindustan Unilever completes equity buyback

Hindustan Unilever today informed the Bombay Stock Exchange (BSE) that the company had completed the buyback of its fully paid-up equity shares from the existing shareholders at a price not exceeding Rs 230/- per equity share for an aggregate amount not exceeding Rs 630 crores.

According to a release to the BSE, the company's buyback offer was open from October 03, 2007 to January 31, 2008.

A total of 3,02,35,772 shares were bought back for an average price of Rs 207.13 for a total amount of approximately Rs 626.27 crore.

As of January 31, 2008, the promoter shareholding in the company has gone up to 52.12% from 51.40%. 

Institutional investors' shareholding has gone up from 29.80% to 29.99%.

Public shareholding in the company has gone down from 18.80% to 17.89.% after the buyback.