Hindustan Unilever Ltd.

BSE: 500696 | NSE: HINDUNILVR
Large Cap | Household & Personal Products
2359.65
6.20 (0.26%)
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Hindustan Unilever acquires 51% stake in Zywie Ventures

Date: 11-01-2023

Hindustan Unilever has completed the acquisition of 51% shareholding in Zywie Ventures for a total consideration of Rs 264.28 crore for the first tranche, in accordance with the terms and conditions of the definitive agreements dated on December 08, 2022. Consequent to the above acquisition, Zywie Ventures has become a subsidiary of the Company.

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