Hindustan Unilever ends 1% lower after GSK sells stake in open market deal

According to the term sheet, an over 133 million shares - 5.7 per cent of the total equity shares - are being offered in the range of Rs 1,850-1,950 to investors through a special block window.

Shares of Hindustan Unilever (HUL) slipped 5 per cent to Rs 1,902 on the National Stock Exchange (NSE) on Thursday in early morning trade after UK-based Glaxo-SmithKline (GSK) offloaded its stake in fast moving consumer goods (FMGC) major via block deals.  However, the stock erased almost all its early morning losses and ended less than 1 per cent lower at Rs 1,992 on the NSE and BSE. It touched a high of Rs 2,007 in the intra-day today.

According to the term sheet, an over 133 million shares — 5.7 per cent of the total equity shares — are