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Unilever to raise stake in India unit in $5.4 bn offer

First published: April 30, 2013, 9:27 AM IST | Updated: April 30, 2013
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Unilever to raise stake in India unit in $5.4 bn offer
The parent company will buy the shares for Rs 600 each, 20.6 per cent premium to the Monday's closing price.

New Delhi: Anglo-Dutch company Unilever Plc, along with Unilever NV will acquire about 487 million shares, or 22.52 per cent, of India's Hindustan Unilever in a deal valued at about $5.4 billion.

The parent company will buy the shares for Rs 600 each, 20.6 per cent premium to the Monday's closing price, the manager to the offer HSBC Securities and Capital Markets informed the stock exchanges on Tuesday.

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