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Britain’s GSK to sell entire stake in Hindustan Unilever – Metro US

Britain’s GSK to sell entire stake in Hindustan Unilever

Outbreak of the coronavirus disease (COVID-19) in London
Outbreak of the coronavirus disease (COVID-19) in London

(Reuters) – GlaxoSmithKline <GSK.L> said on Thursday it agreed to sell its entire stake in Unilever’s <ULVR.L> Indian business <HLL.NS> for about 254.8 billion rupees ($3.35 billion) on the open market, cashing in late from the sale of the Horlicks brand. (https://reut.rs/3fvie8r)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)