29: How GSK-HUL deal has ended up being a win-win for shareholders of both companies
Mark to Market
English - May 08, 2020 14:53 - 5 minutes - 5.06 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In December 2018, Hindustan Unilever (HUL) announced the acquisition of GSK Consumer. As part of the deal, in May 2020, GSK Consumer’s parent company disposed off HUL shares and this was done at a higher realisation compared to what it had anticipated it would receive in end 2018. The deal also helped HUL to increase the share of foods and beverages in its product portfolio to about 28% of revenues, from 18% earlier.