Paul Polman of Unilever

Unilever boss Paul Polman has announced the company is increasing its stake in Hindustan Unilever

Unilever said today it had secured shares to increase its stake in Hindustan Unilever to 67.26%.

The company announced in April it planned to build up its shares in the company, from 52.48%. Growing the market-leading fmcg company in India has been identified as a strategic priority by Unilever CEO Paul Polman.

He said this week there were “tremendous opportunities” for growing its market share in developing countries.

Securities regulations in India require a minimum public shareholding of 25% for a company to maintain a public listing in the country.