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GSK GSK plc

42.95
0.38 (0.89%)
Pre Market
Last Updated: 13:44:21
Delayed by 15 minutes
Name Symbol Market Type
GSK plc NYSE:GSK NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.38 0.89% 42.95 21,553 13:44:21

GlaxoSmithKline to Raise INR254.8 Billion via Sale of Hindustan Unilever Stock

07/05/2020 9:03am

Dow Jones News


GSK (NYSE:GSK)
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By Matteo Castia

 

GlaxoSmithKline PLC said Thursday that it has agreed to raise 254.8 billion Indian rupees ($3.38 billion) through the sale of 133.8 million shares in Hindustan Unilever Ltd.

The pharma giant said that the deal was made through its subsidiaries GlaxoSmithKline Pte. Ltd. and Horlicks Ltd., and that it will hold no shares in Hindustan Unilever after the transaction.

GlaxoSmithKline shares at 0725 GMT were up 7.6 pence, or 0.5%, at 1,704.6 pence.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

May 07, 2020 03:48 ET (07:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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