GlaxoSmithKline exits HUL, sells 5.7 pc stake for Rs 25,480 cr
When GSK originally announced the divestment of Horlicks in December 2018, the company said it expected gross proceeds from the overall transaction to be approximately 3.1 billion pounds and net proceeds to be 2.4 billion pounds after hedging costs, taxes and other expenses.
GlaxoSmithKline Plc (GSK) on Thursday said it has offloaded its 5.7 per cent stake in Indian FMCG major Hindustan Unilever for around Rs 25,480 crore, Photo:Reuters