21 Jul 07 Hindustan lever (HLL) Buyback

Hindustan Unilever Limited, formerly known as Hindustan Lever Limited (HLL) announced yetserday that it intends to buyback shares. The Buyback offer proposal will be taken up by the board of HLL in the next board meeting. Hindustan Lever (HLL) has failed to participate in the ensuing bull run and hence the board of HLL probably feels that the stock prices of HLL are highly undervalued and hence the share buyback proposal.

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