Will Unilever's offer to raise stake in HUL mark the start of the end of equity culture?

Unilever Plc's decision to throw $5 billion to raise its stake in Hindustan Unilever may be a reflection of its desperation to grab a higher share of the India growth story, but it is also an acceleration of a trend that could make the revival of equity culture elusive. The maker of Dove and Surf may be well within the law unlike in the 90s when the group was charged with insider trading, but a reduction of a quarter of a float of the biggest consumer goods maker will be a loss for market depth, and investors. 

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