Hindustan Unilever Shares Rise as CCI Approves Minimalist Parent Company Acquisition

Unilever Limited (HUL) shares garnered attention on Tuesday, March 18, 2025, after the Competition Commission of India (CCI) greenlit the company’s acquisition of a 90.5% stake in Uprising Science Pvt Ltd, the parent of skincare brand Minimalist. The deal, valued at Rs 2,670 crore, saw HUL shares climb over 1% in early trading, rebounding from a 0.44% dip in the previous session on March 17. Announced in January 2025, the acquisition will unfold in two stages: an initial capital infusion followed by a buyout at a pre-money enterprise value of Rs 2,955 crore. HUL aims to bolster its Beauty & Wellbeing portfolio by integrating Minimalist, a move underscored in an earlier exchange filing. The CCI’s approval, shared via a post on X, has put the spotlight on HUL as it strengthens its foothold in the growing skincare market.