Comments
Fast Moving Consumer Goods (FMCG) company Hindustan Unilever Limited (HUL) on Wednesday informed the stock exchange that the company has completed the 19.8 per cent acquisition of Nutrionalab Private Limited for ₹70 crore.
The company had earlier announced that it would acquire two D2C brands—OZiva and Wellbeing Nutrition and with the current acquisition it will foray into the health and well-being category.
Nutritionalab Private Limited was founded in 2019 and HUL acquired a 19.8 per cent equity stake in the company through a combination of primary infusion and secondary buyouts.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.