The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel
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On Thursday, UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals.
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.
HUL, the country's largest consumer goods company, on Thursday reported a 7 per cent decline in volumes for Q4FY20, faring even worse than the demonetisation quarter, when the fall was 4 per cent
The Street had factored in a drop of 2-4 per cent in Q4 volume growth on account of the Covid-19 outbreak and subsequent lockdown but 7% decline was a surprise for many.
In Q4FY20, HUL's stock outperformed the market by rallying 20 per cent, against nearly 29 per cent decline in the Sensex
Data for April 11-17 shows that HUL, RB & Amul increased their advertising on news, general entertainment and movie channels.
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
HUL's current market value of Rs 5.14 trillion is also more than the combined Rs 4.20 trillion market capitalisation of India's top 10 listed automobile companies
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Market breadth was in favour of advances as out of 2,576 companies traded on the BSE, 1,842 advanced and 540 declined while 194 securities remained unchanged
HUL has fixed April 17, 2020 as the record date for determining the shareholders of the GSK Consumer Healthcare to receive the shares of the company.
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Towards the end of last week, at least three such tie-ups were announced
Consumer goods major is down 4.2% since Feb 20, against 33% fall of HDFC Bank
The merger will also give HUL access to brands such as Horlicks and Boost, pitting the company against rivals such as Nestle India, another big player in the health and nutrition segment.
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On Monday, the company announced it was buying VWash, an intimate hygiene brand from Glenmark Pharmaceuticals
Glenmark will manufacture VWash for HUL over the next one year after which the production arrangement would be reviewed