HUL stock: A pricey MDH deal is unlikely to bring cheer to HUL investors soon

For HUL, the acquisition would take place after two years of the company’s merger with GSK Consumer Healthcare in April 2020. HUL paid ₹3,045 crore to acquire the Horlicks brand.

Synopsis

The HUL stock is down 15% for the past one year – as inflationary pressures have battered down the valuations. A big acquisition may not be able to raise hopes of its investors in the near term even though it may be a strategically beneficial move in the long term.

ET Intelligence Group: The share price of Hindustan Unilever (HUL) took a fall of nearly 4% on back of news that the FMCG major is in discussion to acquire a majority stake in the established spice maker Mahashian Di Hatti (MDH). This may emerge to be a large acquisition for HUL since the spice company reportedly is likely to be valued at ₹10,000 crore to ₹15,000 crore.

For HUL, the acquisition would take place after two years of the company’s

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3 mins read, Last Updated:

Mar 23, 2022, 06:57 AM IST

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