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HUL to acquire OZiva, Nutritionalab to enter health, wellbeing space
short by Srishty Choudhury / on Thursday, 8 December, 2022
Hindustan Unilever Limited (HUL) has forayed into the 'Health & Wellbeing' category, the company announced. HUL will acquire 51% equity stake in OZiva for ₹264.28 crore and a 49% stake will be acquired at the end of 36 months based on pre-agreed valuation criteria. The company will acquire a 19.8% stake in Wellbeing Nutrition (Nutritionalab Private Limited) for ₹70 crore.
read more at Moneycontrol