Hindustan Unilever, GSK Consumer stocks hit lifetime highs ahead of merger

The stock price of HUL and GSK Consumer rallied 5.08% and 5.72% each on Tuesday

Shares of Hindustan Unilever (HUL) and GlaxoSmithKline(GSK) Consumer touched all-time highs on Tuesday, a day before the merger of the latter into HUL becomes effective. 

On March 13, HUL had said that its board of directors would meet on April 1 to discuss about the merger, which has received approval from the Mumbai and Chandigarh Benches of the National Company Law Tribunal. 

The stock price of HUL and GSK Consumer rallied 5.08 per cent and 5.72 per cent each on Tuesday, closing trade at Rs 2,298.15 and Rs 9,993.10 per share on the BSE. 

In the last one year, HUL