Hindustan Unilever to Acquire Balance Stake in Zywie Ventures for INR 824 Crores, Sell Entire 19.8% Shareholding in Nutritionalab

Hindustan Unilever Ltd. has announced that its Board of Directors has approved the acquisition of the balance 49% stake in Zywie Ventures Private Limited for a cash consideration of INR 824 Crores. The company also plans to sell its entire 19.8% shareholding in Nutritionalab. This acquisition will make Zywie and its wholly owned subsidiary, Zenherb Labs Private Limited, wholly owned subsidiaries of Hindustan Unilever Ltd. The transactions are subject to the fulfilment of completion terms and conditions as specified in the respective Transaction Documents.