Hindustan Unilever has signed and executed the Share Purchase and Subscription Agreement (SPSA) for acquisition of 90.5% of shareholding of Uprising Science (Uprising) comprising secondary buyout for a cash consideration of Rs 2670 crore at a pre-money Enterprise Valuation of Rs 2955 crore (subject to adjustments as set out in the SPSA) and a primary infusion of Rs 45 crore, with an eventual acquisition of the remaining 9.5% of Uprising’s shareholding as per the terms set out therein (Proposed Acquisition).
The acquisition is another step in the transformation journey of the Company’s Beauty & Wellbeing portfolio towards evolving and higher growth demand spaces.
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2107.95 |
| Godrej Consumer Prod | 1058.75 |
| Dabur India | 431.65 |
| Colgate-Palmolive(I) | 2011.15 |
| P&G Hygiene & Health | 8842.00 |
| View more.. | |
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