HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department
The decline in Hindustan Unilever shares this year has helped improve its multiples. The stock is currently trading at 46 times its forward earnings, below its five-year average of about 54 times
According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted
In 2018, HUL had announced that GSK Consumer Healthcare will merge with HUL in an all-stock deal
On Thursday, UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals.
In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market
The health food drink may get a brand refresh under new owner HUL, as it readies to take on rivals such as Mondelez and Nestle in the category
Presence of latter in fast-growing segments to add value in long run
Here is a quick look at how various brokerages interpret the contours of the HUL-GSK Consumer deal and its impact on the other players in the FMCG space
Beauty and personal care sales contribution coming from the pharmacy channel is pegged at around 15-20%
Shares in Hindustan Unilever rose 4.1 percent on Monday to a record, while GlaxoSmithKline Consumer Healthcare Ltd. added 2.8 percent to its highest level since Sept. 21
The merger of HUL with GSK Consumer Health will be on the basis of an exchange ratio of 4.39 HUL shares for each GSK Consumer Health share
HUL settled 4.1% higher at Rs 1826 on the BSE. It had hit a new high of Rs 1,839 in intra-day trade, rising 4.9%, surpassing its previous high of Rs 1,808 touched on August 20, 2018
In addition to iconic Horlicks brand for Indian as well as international markets, HUL would also own other brands such as Boost, Viva and Maltova
The deal should help HUL expand its food and refreshment (F&R) segment
The all-equity merger of Hindustan Unilever Ltd with GSK Consumer Healthcare India appears tax neutral, say experts.
Employees say they are unclear how many of them would be retained in HUL once the merger process gets over
Under HUL, the iconic brand has to walk the tightrope between legacy and relevance, say experts
HUL will become the largest food company in the country, with turnover of Rs 107 billion