Hindustan Unilever Ltd.

Hindustan Unilever (HUL) has forayed into the ‘Health & Wellbeing’ category through strategic investments in Zywie Ventures (OZiva) and Nutritionalab (Wellbeing Nutrition). ‘Health & Wellbeing’ is a fast-evolving category in India with a total potential market size of Rs 30,000 crore.

The company will acquire 51% equity stake in Zywie Ventures through a combination of primary infusion and secondary buyouts for a consideration of Rs 264.28 crore. The balance 49% will be acquired at the end of 36 months based on pre-agreed valuation criteria. Besides, the company will also acquire 19.8% equity stake in Nutritionalab through a combination of primary infusion and secondary buyouts for a cash consideration of Rs 70 crore. Both these transactions are expected to be completed in the next 1-3 months, subject to customary closing conditions.

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments.