National Stock Exchange of India Ltd Exchange Plaza, 5th Floor,
Plot No. C/1, G Block,
Bandra - Kurla Complex,
Bandra (E),
Mumbai - 400 051
Sub: Acquisition of shares of Nutritionalab Private Limited
This is in furtherance of our letter dated 8th December, 2022, intimating about the proposed acquisition of shares of Nutritionalab Private Limited, a Private Limited Company incorporated in India ("Nutritionalab").
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, it is now informed that Hindustan Unilever Limited has completed the acquisition of 19.8% shareholding of Nutritionalab, for a total consideration of INR 70.00 Crores in accordance with the terms and conditions of the Definitive Agreements dated 8th December, 2022.
You are requested to take the above information on record.
Thanking You.
Yours faithfully,
For Hindustan Unilever Limited
DEVOPAM NARENDRA BAJPAI
Digitally signed by DEVOPAM NARENDRA BAJPAI
Date: 2023.01.04 17:37:45 +05'30'
Dev Bajpai
Executive Director, Legal & Corporate Affairs
and Company Secretary
DIN:00050516 / FCS No.: 3354
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Hindustan Unilever Limited published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 12:47:04 UTC.
Hindustan Unilever specializes in manufacturing and marketing of cleaning and food products. Net sales break down by family of products as follows:
- personal care products (46%): hair and skin care products, dental and deodorant products (brands Aviance, Dove, Sunsilk, Lux, Pond's, Axe, Rexona, Close Up, etc.);
- house cleaning and laundry care products (33.9%): soaps, dishwashing liquids, detergents, stain removers and cleaners (brands Active Wheel, Comfort, Cif, Sunlight, Vim, etc.);
- food products and beverages (18.8%): culinary products, sauces, oils and margarines (brands Knorr, Kissan, Annapurna, etc.), ice creams (Kwality Wall's), teas and coffees (brands 3 Roses, Red Label, Lipton, Bru, Taj Mahal);
- other (1.3%).
At the end of March 2019, the group had 28 production sites in India.
India accounts for 96% of net sales.