Hindustan Unilever Limited (BSE:500696) entered into a definitive agreement to acquire 51% stake in Zywie Ventures Private Limited on December 8, 2022. Hindustan Unilever Limited will acquire a total of 51% stake through subscription of shares and purchase of shares from its existing shareholders for a total Consideration of INR 2.6 billion. It will acquire the remaining 49% stake at the expiry of 3 years from the date of completion of the 51% stake acquisition. Hindustan Unilever Limited will also indirectly and proportionately acquire Zenherb Labs Private Limited, a wholly owned subsidiary of Zywie Ventures Private Limited. Hindustan Unilever Limited reported Turnover of INR 1.24 billion in FY 2021-22. transaction is expected to be completed on or before January 02, 2023, subject to customary closing conditions. As of December 13, 2022. Induslaw LLP acted as legal advisor to Hindustan Unilever Limited (BSE:500696).

Hindustan Unilever Limited (BSE:500696) completed the acquisition of 51% stake in Zywie Ventures Private Limited on January 10, 2023.