CALCULATE YOUR SIP RETURNS

HUL Takes Over 90.5% Stake in Minimalist for ₹2,670 Crore

Written by: Team Angel OneUpdated on: Jan 23, 2025, 2:53 PM IST
HUL has signed an agreement to acquire a 90.5% stake in Uprising Science Pvt Ltd, the parent company of Minimalist for ₹2,670 crore.
HUL Takes Over 90.5% Stake in Minimalist for ₹2,670 Crore
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Hindustan Unilever Limited acquired a 90.5% stake in Uprising Science Private Limited, the parent company of Minimalist for ₹2,670 crore. This strategic move aims to leverage HUL’s wide distribution network to make Minimalist products more easily available across India and help the brand grow in international markets.

Board approves the acquisition 

The company’s Board of Directors has approved the purchase of a majority stake in Uprising Science Private Limited. As part of this decision, a Share Purchase and Subscription Agreement (SPSA) has been signed to acquire 90.5% ownership for ₹2,670 crores. This is based on an enterprise valuation of ₹2,955 crores with some adjustments to be made as per the agreement.  

Additional Investment in Uprising

Along with the acquisition, the company will make an additional investment of ₹45 crores in Uprising Science Private Limited. This move aims to strengthen the company’s position in the market and drive future growth. The remaining 9.5% shares will be acquired later under the terms of the agreement.  

About USPL

Uprising Science Private Limited (USPL) is the parent company of Minimalist, an evidence-based, consumer-focused skin and hair care brand that emphasises high-quality, science-backed solutions prioritising efficacy and transparency

About HUL 

Hindustan Unilever Limited (HUL) has been through the merger of three companies and is India’s largest fast-moving consumer goods (FMCG) company. It offers a wide range of products like soaps, detergents, shampoos, skincare, toothpaste and packaged foods with popular brands like Lux, Lifebuoy, Surf Excel and Lakme. Committed to sustainable living, HUL focuses on empowering youth, improving sanitation and promoting diversity & inclusion which reaffirms it as a top employer in India.

HUL’s Share Performance 

As of January 23, 2025, at 12:25 PM, HUL’s shares are trading at ₹2,326.55 per share, down 0.70% from yesterday’s closing price. Over the last month, the stock has fallen by 0.53% and over the past year, it has seen a splurge of 0.19%. The stock has a 52-week high and 52-week low of ₹3,035 per share and ₹2,172 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 23, 2025, 2:53 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers