HINDUNILVR

acquires majority stake in Minimalist parent co Uprising Science for Rs 2,706 crore

has successfully completed its acquisition of a 90.5% stake in Uprising Science for Rs 2,706.44 crore through a combination of primary infusion and secondary share purchase. The acquisition, which includes the 'Minimalist' brand, received clearance from the Competition Commission of India. HUL anticipates eventually acquiring the remaining 9.5% shareholding in approximately two years.