CCI Approves Hindustan Unilever’s Acquisition of Uprising Science
Transaction Details The acquisition involves HUL acquiring a 90.5% stake in Uprising Science Private Limited. The remaining 9.5% shareholding will be acquired within two years from the completion date, as outlined in the Share Purchase & Subscription Agreement between HUL and the target company. About Hindustan Unilever Limited (HUL) HUL is a leading FMCG company engaged in the manufacture and sale of:
Home care products Beauty & personal care products Food and refreshment products The company has a diverse portfolio of over 50 brands, including:
Lux, Surf Excel, Fair & Lovely, Lakmé, Knorr, Kwality Wall’s, Brooke Bond, and BRU. About Uprising Science Private Limited The target company is engaged in the manufacture and sale of beauty and personal care products, including:
Skincare & body care products Baby care products Hair care products Next Steps A detailed order from the Competition Commission of India on the acquisition will follow in due course.