HUL acquires remaining stake in Oziva for ₹824 crore
after close1 source ↓written by the desknot a recommendation
- in Oziva
- 49% stake
- in Oziva
- ₹824 crore
- purchase in December
- 51% stake
- in Wellbeing Nutrition
- 19.8% stake
- to USV
- ₹307 crore
HUL has completed the acquisition of the remaining 49% stake in Oziva for ₹824 crore, making it a wholly-owned subsidiary. This follows HUL's initial 51% stake purchase in December 2022. Additionally, HUL sold its 19.8% stake in Wellbeing Nutrition to USV for ₹307 crore.
This acquisition strengthens HUL's position in the growing wellness sector, particularly in plant-based products, potentially enhancing its market share in health and beauty segments.
Not investment advice. For informational purposes only.