HUL acquires majority stake in Minimalist parent co Uprising Science for Rs 2,706 crore
Hindustan Unilever Limited (HUL) has successfully completed its acquisition of a 90.5% stake in Uprising Science for Rs 2,706.44 crore through a combination of primary infusion and secondary share purchase. The acquisition, which includes the 'Minimalist' brand, received clearance from the Competition Commission of India. HUL anticipates eventually acquiring the remaining 9.5% shareholding in approximately two years.
Hindustan Unilever Limited (HUL) has successfully completed its acquisition of a 90.5% stake in Uprising Science for Rs 2,706.44 crore through a combination of primary infusion and secondary share purchase. The acquisition, which includes the 'Minimalist' brand, received clearance from the Competition Commission of India. HUL anticipates eventually acquiring the remaining 9.5% shareholding in approximately two years.
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