GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade - News Summed Up

GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade


The deal eclipses the previous block trade record in India when Daiichi Sankyo sold its $3.18 billion stake in Sun Pharmaceuticals in April 2015, according to Refinitiv. The largest ever block trade remains Naspers selling $9.8 billion worth of Tencent stock in Hong Kong in March 2018. File Photo: A man arrives at the Hindustan Unilever Limited (HUL) headquarters in Mumbai May 14, 2013. ReutersShares of Mumbai-listed Hindustan Unilever, which fell as much as 5.38% to 1,902 rupees, recouped some of those losses to close down 0.9% on Thursday. In comparison, Hong Kong's equity capital markets have seen $12.8 billion worth of activity this year.


Source: bd News24 May 07, 2020 11:48 UTC



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