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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

Hindustan Unilever falls ahead of

Hindustan Unilever falls ahead of results, shares down 4.5%

Shares in Hindustan Unilever Ltd fell as much as 4.5 per cent ahead of its April-June earnings later in the day, down for a second day after hitting an all-time high of Rs. 725 on Wednesday.
Parent Unilever Plc has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations.
Hindustan Unilever also said on Thursday that Life Insurance Corp of India sold 67.3 million shares at Rs. 600 per share.
h oversX FP���xM�ed to comment.
The FIPB, which clears foreign direct investment proposals, is scheduled to consider the Jet-Etihad deal at its meeting on Monday and traders said it may be approved.
The FIPB last month deferred a decision on Jet's plan to sell a 24 per cent stake to Etihad.
Jet shares were up 14.3 per cent at 10.39 p.m.

 
     
 
   
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