Hindustan Unilever Ltd.

Hindustan Unilever (HUL) has completed the acquisition of 19.8% shareholding in Nutritionalab for a total consideration of Rs 70 crore in accordance with the terms and conditions of the Definitive agreements dated December 08, 2022. With this strategic investment, the company will entered into Health & Wellbeing category. Nutritionalab is involved in manufacture, buying, selling, trading and dealing in inter alia: (a) Vitamins, Minerals and Supplements and (b) Protein products.

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