Hindustan Unilever Ltd.

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.