Unilever (UL) has increased its stake in Indian unit Hindustan Unilever to 67.28% from 52.48% for €2.45B after the latter's shareholders tendered 319.7M shares in response to Unilever's offer of 600 rupees ($9.90) a share. However, the Anglo-Dutch company missed its target of raising its holding to 75%. Upping its stake in Hindustan is part of Unilever's strategy to strengthen its position in emerging markets.
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