GSK exits HUL, offloads 5.7% stake for Rs 25,480 cr in largest block trade ever carried out in Indian equity market
On 1 April 2020, GSK had announced the completion of its divestment of its popular healthcare drink brand Horlicks and other consumer healthcare nutrition products in India to Unilever.
HUL board to meet on 1 April to declare merger with GSKCH; stock down 1.27%
Under the deal, Unilever's Indian arm, HUL is acquiring GSKCH India via an all-equity merger, valuing the total business of the latter at Rs 31,700 crore.
Hindustan Unilever buys GSK's Indian Horlicks, Boost nutrition business in $3.8 billion all equity deal
The merger of GSKCH India with HUL will be on a basis of an exchange ratio of 4.39 HUL shares for each GSKCH India Share
Unilever CEO Paul Polman steps down after headquarters move fiasco, replaced by insider Alan Jope
A UK investor revolt forced Polman and the Unilever board to scrap a plan in October to move the headquarters of the dual-listed company to the Netherlands
GSK Consumer Healthcare says it is considering potential transaction of nutrition business; Unilever confirms development
Hindustan Unilever, the Indian arm of Unilever, confirmed that the company was in the race to acquire GlaxoSmithKline Plc's consumer healthcare nutrition products
Unilever emerges as leading bidder in tight contest for GlaxoSmithKline's Horlicks nutrition business
GSK’s assets, which include the popular malt-based drinks Horlicks and Boost, is likely to fetch less than $4 billion, said people close the deal
Coca-Cola in race to buy Horlicks from GlaxoSmithKline, value of transaction could be around $3.9 billion
Besides Coca-Cola, several global FMCG makers as Nestle, Kraft Heinz are in the race to acquire Horlicks from GSK
GSK seeks mid-September bids for $4 billion Indian Horlicks unit, say sources
GSK started a strategic review of Horlicks - a malt-based drink brand popular in India – and some smaller products, after buying Novartis out of their consumer healthcare venture for $13 billion in March.
FMCG major Emami rules out buying health drink brands Horlicks and Complan
Leading FMCG firms such as Nestle, HUL and ITC are reportedly in the race to buy Horlicks and Complan.
GSK to sell Horlicks to fund $13 bn Novartis deal; Nestle, Kraft, Unilever likely suitors, say sources
GSK has started a strategic review of Horlicks - a malt-based drink brand popular in India – and some of its smaller products, after buying Novartis out of their consumer healthcare venture for $13 billion on Tuesday.
UP food safety dept says Knorr, Horlicks, Ching's instant noodles 'sub standard'
Months after Maggi storm, the Uttar Pradesh food safety department has found samples of some other instant noodle brands “sub-standard” with ash content in the tastemaker exceeding the prescribed limits.
Ramdev makes Maggi a desi vs videshi war, pitches 'healthy' Patanjali-made noodles
Calling himself a not-for-profit manufacturer of domestic products, the yoga specialist cleverly made the whole thing look like a domestic versus foreign issue.