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Unilever cleared to increase Hindustan stake from June 21

Source : REUTERS
Last Updated: Thu, Jun 13, 2013 09:42 hrs
HUL

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 percent from 52 percent at present.


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