(Reuters) - "The pricing of the buyback is good, but it is only a small share of their equity and it cannot prop up share prices in the long term," said Hemant Patel, an analyst at Enam Securities.
Hindustan Unilever, 52-percent owned by Anglo-Dutch Unilever Plc , on Sunday said it would spend up to $156 million to buy 27.4 million shares, or 1.2 percent of outstanding equity, at up to 230 rupees a share, a 17 percent premium to Friday's close.
Read more at Reuters.com Hot Stocks News
Hindustan Unilever, 52-percent owned by Anglo-Dutch Unilever Plc , on Sunday said it would spend up to $156 million to buy 27.4 million shares, or 1.2 percent of outstanding equity, at up to 230 rupees a share, a 17 percent premium to Friday's close.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment