HUL Completes Acquisition Of 90.5% Stake In Minimalist

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SUMMARY

HUL said that it completed the acquisition via a combination of primary infusion and secondary sales in an all-cash deal totalling INR 2,706.44 Cr

With this, Uprising Science and its subsidiaries have now become subsidiaries of HUL, the FMCG giant added

This comes a month after the Competition Commission of India (CCI) approved HUL’s proposal to acquire a majority stake in the D2C personal care brand

FMCG major Hindustan Unilever Ltd (HUL) said it has completed the…



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HUL Completes Acquisition Of 90.5% Stake In Minimalist


SUMMARY

HUL said that it completed the acquisition via a combination of primary infusion and secondary sales in an all-cash deal totalling INR 2,706.44 Cr

With this, Uprising Science and its subsidiaries have now become subsidiaries of HUL, the FMCG giant added

This comes a month after the Competition Commission of India (CCI) approved HUL’s proposal to acquire a majority stake in the D2C personal care brand

FMCG major Hindustan Unilever Ltd (HUL) said it has completed the…



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.

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