CCI Approves HUL’s Acquisition Of D2C Brand Minimalist

March 18, 2025

, By INC42

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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…

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CCI Approves HUL’s Acquisition Of D2C Brand Minimalist

March 18, 2025

, Published By INC42

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…

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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Previous News

PhysicsWallah Takes Confidential Route For A $500 Mn IPO

Next News

Navi’s Shobhit Agarwal, Apurv Anand Quit To Launch Asset Management Venture

More like this

Popular

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