Get latest articles and stories on Latest News at LatestLY. Leading FMCG maker HUL on Thursday announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in Wellbeing Nutrition with a total investment of Rs 335 crore to foray into the health and wellbeing segment. Latest News | HUL to Acquire Majority Stake in OZiva and 19.8 Pc in Wellbeing Nutrition; to Invest Rs 335 Crore.
Best Media Info: HUL will acquire a 51% equity stake in OZiva and the balance of 49% will be acquired at the end of 36 months. HUL will acquire a 19.8% equity stake in wellbeing Nutrition through a combination of prim| Marketing News
Hindustan Unilever Ltd. is set to expand its nutrition as well as beauty and personal care businesses with two new acquisitions.
The country's largest fast-moving consumer goods maker has cumulatively invested Rs 334 crore in two digital-first start-ups OZiva and Wellbeing Nutrition, it said in an exchange filing on Thursday.
This marks its foray into the Rs 30,000 crore health and wellness market that is "fast-evolving" post the pandemic.