IDFC Securities, speaks to NDTV
Profit about HUL parent company
Unilever's announcement of an
open offer to acquire 22 per cent
stake in its Indian unit for Rs 600
per share. According to him, other
non-Indian parent companies like
Nestle and Colgate, probably even
pharma names, may launch an
open offer to buy back shares after
Unilever. He also expects money to
move in from HUL to other stocks
like ITC, United Spirits, Godrej
Consumer, among others. (India Business News)
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