#hul.

#GlaxoSmithKline Might Sell Its #Uniliver India's Stakes for USD 3.7 Billion

According to some reports GlaxoSmithKline Plc is preparing to start a sale of its $3.7-billion stake in Unilever’s listed India unit.

According to Bloomberg report says Glaxo plans to offload a part or all of its 5.7 per cent holding in Hindustan Unilever through a series of block trades, which could start as soon as the next few days.

The company is in discussions with advisers on when to launch…

#ICICI_Securities: #FMCG Growth Stalled in Oct-Dec 2019 #HUL and #Marico Seen Hit

Fast-moving consumer goods companies had witnessed muted growth in Oct-Dec due to rural slowdown and liquidity issues at the wholesale level as in the preceding quarter, ICICI Securities said in a report.

“Companies are expected to report slower volume growth in the range of 4-6% YoY on a high base whereby sales are expected to grow by 6.3% YoY,” the brokerage said.

Major companies in the sector…

Unilever To Continue It’s Long Term Plan

Discussing the contemporary trends and economic turbulence in the country, Global FMCG major Unilever does not seem to be changing its bet on the long-term potential of India.

The British-Dutch multinational believes India offers a massive opportunity for a company like Unilever as the country lags behind other developing economies in the region in FMCG consumption.

Accordingly, the company’s…