The Competition Commission of India (CCI) on Monday, March 17, approved the petition of Hindustan Unilever, a rapidly growing consumer goods (FMCG) company, to get a majority stake in the premium skincare brand. minimalistaccording to a Social media Post on X.
“CCI approved the acquisition of Uprising Science Private Limited by Hindustan Unilever Limited,” CCI In his post on platform X.
Hul receives minimum
As Mint Earlier reports, Hindustan Unilever Limited, on Wednesday, January 22, announced their plans Acquire Online premium skincare brand for minimum 2,955 crores.
According to the exchange filing, HUL announced that it would acquire 90.5 percent shareholding in the company as the FMCG has to add the veteran minimalist For its beauty and good portfolio.
The deal is determined to be in two volumes, at the pre-wealth enterprise price through a main infusion and secondary procurement 2,955 crores.
“We are happy to welcome minimum welcome to the HUL family. This acquisition is another important step to develop our beauty and good portfolio in high-development premium demand locations. Mohit, Rahul and the team have created a great brand built on science, product efficacy and transparency, ”said Rohit Jawa, Chief Executive Officer (CEO) and Managing Director (MD) of HUL said. Mint,
Indian startup in beauty and personal Care The segment has increased the popularity despite the challenges in recent years, despite the challenges in maintaining scaling and maintaining profits, which is an upper -powered and inspired by an increase in social media effects in online commerce.
Hul Q3 results
For FMCG veteran’s net advantage October to December quarter Increased year-to-year (yoy) 2,984 crores compared to 2,984 crores in the same period a year ago.
Hul’s total income also increased by 7 percent 16,050 crore, compared to year-to-year (YOY) According to Mint’s earlier report, a year ago 15,781 crore, home care and fabric wash business sold to run the sale.
Hindustan Unilever shares closed down by 0.22 percent 2,171.05 after Monday’s stock market session About 2,175.85 of the previous market.
