Hindustan Unilever Ltd (HUL), a leading player in the FMCG sector, has announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Ltd, the parent company of D2C personal care brand Minimalist. According to a regulatory filing, HUL executed the acquisition through a mix of primary capital infusion and secondary share purchases in an all-cash transaction valued at INR 2,706.44 crore.
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