Hindustan Unilever in pact to acquire Aquagel Chemicals
Quotes

Hindustan Unilever in pact to acquire Aquagel Chemicals

Last Updated: Thursday, April 04, 2013, 19:50
 
 Comment 0
 
Hindustan Unilever in pact to acquire Aquagel Chemicals
New Delhi: FMCG major Hindustan Unilever Ltd (HUL) Thursday said it has inked a pact with promoters of Aquagel Chemicals Pvt Ltd to acquire remaining 74 percent stake in the company.

HUL already holds an investment to the extent of 26 percent of the equity share capital of Gujarat-based ACPL.

"...The company has entered into a share purchase agreement with the promoters of Aquagel Chemicals Pvt Ltd (ACPL) for acquisition of 74 percent of the equity share capital of ACPL," HUL said in a filing to the BSE.

The company, however, did not share financial details.
"Consequent to the acquisition of remaining 74 percent of the equity share capital, ACPL has become a wholly owned subsidiary of Hindustan Unilever Ltd with effect from April 1, 2013," the company said.

Shares of Hindustan Unilever Thursday closed at Rs 469.90 apiece on the BSE, up 1.68 percent from its previous close.

PTI



First Published: Thursday, April 04, 2013, 19:50


Comments


comments powered by Disqus
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved