HUL completes acquisition of Zywie Ventures

On Wednesday, Hindustan Unilever Limited (HUL), a Fast Moving Consumer Goods company, declared the completion of their acquisition of Zywie Ventures Private Limited’s 51 percent stake.

The company disclosed in a stock market statement that the acquisition was to take place for ₹264.28 crore on 8 December 2022, according to definitive agreements.

Recently, HUL declared its triumphant completion of the acquisition process for Nutrionalab Private Limited at 19.8%, amounting to a staggering ₹70 crore!

In December, it was revealed that HUL would be absorbing two D2C brands—OZiva and Wellbeing Nutrition; with this current take-over, they are now entering into the burgeoning health and well-being sector.

By taking over Zywie Ventures, HUL will be able to benefit from the cutting-edge technology of their product portfolio. The company is already looking to use Zywie’s patented technology to develop products and services that will make health and well-being more easily accessible to the consumer.

This acquisition is the latest step in HUL’s strategy to become a leading player in the health and well-being sector. The company is committed to providing quality products and services that promote healthier lifestyles to everyone.

The acquisition of Zywie Ventures is expected to help HUL reach its goal and enable it to further strengthen its presence in the fast-growing health and wellness space.

This is great news for HUL and its customers, as the company can now provide even more options for those who are looking to make healthier choices. It is a positive step in the right direction and will help create a healthier society.

To know more about HUL’s plans and the acquisition of Zywie Ventures, stay tuned for more updates. This is just the beginning; more exciting developments are on the way. Get ready to be part of a healthier future!

Leave a Comment