According to Aberdeen Asset Management Plc, the offer made by Unilever Plc to pay 600 rupees per share of Hindustan Unilever Ltd is not high enough to move many of existing stockholders to sell their shares.

The money manager based in the United Kingdom currently holds 87.53 million shares in the Indian unit or just about 4.05% in equity according to Bloomberg data. This makes Aberdeen the fourth largest shareholder in Hindustan Unilever. 

According to James Thorn, a money manager at Aberdeen based out of Singapore, "It's just not clear cut. It may be about fair, may be worth a little bit more than that, but it's not an obvious price to be giving up the stock." As of the moment, Aberdeen is reviewing its options regarding the shares in the consumer goods conglomerate.

The share values of Hindustan Unilever jumped 17% to 582.85 rupees in afternoon trading in Mumbai after the Unilever announcement that it would be spending as much as 292.2 billion rupees to increase its shareholdings in Hindustan Unilever to 75% overall.