कोशिश गोल्ड - मुक्त
HUL buys 90.5% stake in Minimalist
The New Indian Express Hyderabad
|January 23, 2025
Acquisition at enterprise value of ₹2,955 crore likely to be completed by first quarter of FY26
Hindustan Unilever Limited (HUL) is set to acquire 90.5% stake in premium beauty brand Minimalist at a pre-money enterprise value of ₹2,955 crore. The balance 9.5% will be acquired from Minimalist's founders in two years.
The transaction is expected to be completed in the first quarter of FY26.
HUL announced on Wednesday that it has signed a definitive agreement to acquire Minimalist. This marks another step in the transformation journey of its Beauty & Wellbeing portfolio towards evolving and higher growth demand spaces, the company said.
यह कहानी The New Indian Express Hyderabad के January 23, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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