HUL surges to record; Unilever raises stake

Reuters Market Eye - Shares in Hindustan Unilever gained as much as 5.1 percent to a record high on Friday after Unilever said it had acquired a little over two-thirds of the Indian unit following the close of a voluntary tender offer.

Hindustan Unilever shareholders tendered 319.7 million shares to the offer, taking Unilever's holding in the unit to 67.28 percent from 52.48 percent, Unilever said in a statement on Thursday.

Hindustan Unilever shares were up 1.3 percent at 11:14 a.m. after earlier hitting an all-time high of 632 rupees.

(Also read: Unilever raises stake in HUL to 67 percent, click http://in.reuters.com/article/2013/07/05/unilever-open-offer-hindustan-unilever-idINDEE9630FH20130705)

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)