HUL Acquires 90.5% Stake In Minimalist’s Parent Uprising Science
The acquisition has been completed through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.44 crore
The acquisition has been completed through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.44 crore
The companies state that the proposed transaction will enable them to better serve their customers through continued investments in infrastructure, networks and people
The company aims to strengthen its position in the organic and personal care segments through these acquisitions
The company highlights that this acquisition is also expected to foster growth within the vendor ecosystem in the country
This strategic proposed acquisition strengthens EaseMyTrip’s position as a comprehensive travel provider, enabling the company to capitalise on high-margin segments
The acquisition is aimed at strengthening the company’s beauty and wellbeing portfolio towards evolving and higher growth demand spaces
The media reports state that after months of negotiations, the agreement was signed on 11 March
Before the acquisition, Godrej Agrovet held a 51.94 per cent stake in the company which amounted to 58,81,508 shares
The acquisition would be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche
The company will acquire will acquire a 100 per cent stake in a two-phase transaction, starting with an initial 49 per cent stake