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