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GSK Bangladesh now Unilever Consumer Care on DSE

Business Desk | Published: 22:27, Nov 25,2020

 
 

The Dhaka Stock Exchange has approved the change of name, trading code and sector of GlaxoSmithKline (GSK) Bangladesh Limited to Unilever Consumer Care Limited (UCCL) with an effect from today.

The DSE made the decision as UCCL requested the bourse to change the name after the change of the company’s ownership.

DSE trading code for Unilever Consumer Care will be ‘UNILEVERCL’ instead of ‘GLAXOSMITH’ and the sector will be ‘food and allied’ instead of ‘pharmaceuticals and chemicals’, DSE officials said.

Other things will remain unchanged, it said.

Earlier on June 28, Unilever acquired GSK Bangladesh through buying 82 per cent of GSK Bangladesh shares for Tk 2,020.45 crore.

Unilever Overseas Holdings BV, a concern of Unilever, bought 98,75,144 shares of GSK Bangladesh for Tk 2,046 each on the block market of the DSE on the day.

On July 2, the name of GlaxoSmithKline Bangladesh Limited was changed to Unilever Consumer Care Limited. But, the company’s name remained unchanged on the stock exchange.

GSK Bangladesh got listed on the DSE in 1976 and share prices of the company closed at Tk 2,046.8 each on Wednesday. 

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