Hul Completes Purchase Of 51 Per Cent Stake In Zywie Ventures

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

HUL completes purchase of 51 per cent stake in Zywie Ventures

ri-calendar-2-lineJan 12, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Hindustan Unilever Ltd (HUL) has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a subsidiary of HUL. 

 

On December 8 last year, HUL announced it will acquire a 51 per cent stake in Zywie Ventures, marking its entry into the health and wellbeing segment.

 

In the regulatory filing, the company said that "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, it is now informed that Hindustan Unilever Limited (“the Company”) has completed the acquisition of 51% shareholding of Zywie for a total consideration of INR 264.28 Crores for the first tranche, in accordance with the terms and conditions of the Definitive Agreements dated 8th December, 2022."

 

As per the agreement, HUL will acquire the remaining 49 per cent in the next 36 months based on pre-agreed valuation criteria, it had said.

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions