InvestorQ : Why is Glaxo looking to exit the Unilever stake altogether?
Priyanka N made post

Why is Glaxo looking to exit the Unilever stake altogether?

Answer
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NISHA Nayak answered.
5 months ago


Most likely, Glaxo wants to monetize its holdings in HUVR as the deal is worth nearly $3.45 billion or around Rs.25,000 crore. The 5.7% stake in Hindustan Unilever, now put on the market, was accepted by GSK as payment for the sale of malted drink brand Horlicks and other nutrition brands to Unilever, agreed in late 2018. The sale is expected to happen on Thursday at a price of around Rs.1800 per share which is at a discount to the market price.