CCI Approves HUL’s Acquisition Of D2C Brand Minimalist

Share via:


SUMMARY

HUL will acquire a 90.5% stake in Minimalist parent for a cash consideration of INR 2,670 Cr at a pre-money enterprise valuation of INR 2,955 Cr

The FMCG major will acquire the remaining 9.5% stake in the D2C personal care brand in two years after the acquisition of 90.5% stake

Minimalist’s net profit zoomed 110% YoY to INR 10.9 Cr in FY24, while revenue from operations surged 89% YoY to INR 347.4 Cr

The Competition Commission of India (CCI) has approved FMCG giant Hindustan Unilever Ltd’s (HUL) proposal to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

CCI Approves HUL’s Acquisition Of D2C Brand Minimalist


SUMMARY

HUL will acquire a 90.5% stake in Minimalist parent for a cash consideration of INR 2,670 Cr at a pre-money enterprise valuation of INR 2,955 Cr

The FMCG major will acquire the remaining 9.5% stake in the D2C personal care brand in two years after the acquisition of 90.5% stake

Minimalist’s net profit zoomed 110% YoY to INR 10.9 Cr in FY24, while revenue from operations surged 89% YoY to INR 347.4 Cr

The Competition Commission of India (CCI) has approved FMCG giant Hindustan Unilever Ltd’s (HUL) proposal to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Sangeetha Delivers Smartphones in Mumbai in Just 30 Minutes...

Mumbai (Maharashtra) , April 15: Mumbai, get ready...

Sacred Heart School, Siliguri Redefines Senior Secondary Education with...

Siliguri (West Bengal) , April 14: Established in...

Mark Zuckerberg, serial witness, takes the hot seat again

Seven years ago, Mark Zuckerberg, the CEO of...

Popular

Upcoming Events

Apple shares lead tech higher after tariff exemptions

Apple's shares rose over 6% in Frankfurt after...

SongCapsule Quiz adds new rules and more artist playlists

As we previously reviewed here on 9to5Mac, SongCapsule...

US financial service firm Wells Fargo expands tech banking...

The unit focuses on sectors such as software,...
GdfFD GFD GFD GFD GFD GFD GFD GFD