After Unilever, Nestle, Colgate may launch open offer: Nikhil Vora
Nikhil Vora, managing director at IDFC Securities, speaks to NDTV Profit about HUL parent company Unilever's announcement of an open offer to acquire 22 per cent stake in its Indian unit for Rs 600 per share. According to him, other non-Indian parent companies like Nestle and Colgate, probably even pharma names, may launch an open offer to buy back shares after Unilever. He also expects money to move in from HUL to other stocks like ITC, United Spirits, Godrej Consumer, among others.
