On a Wellness Path
Business Today India|January 08, 2023
Having consolidated the gains from the GSK buy in 2018, HUL is counting on its two recent acquisitions in the health & wellness segment to spur growth
ARNAB DUTTA
On a Wellness Path

Hindustan Unilever Ltd (HUL), the country’s leading fast-moving consumer goods (FMCG) player, is boosting its health & wellness products portfolio by picking up stakes in two home-grown companies—Zywie Ventures and Nutritionalab—for ₹334 crore. HUL plans to acquire a 51 per cent-stake in Zywie Ventures for ₹264 crore, while the rest of the shares will be acquired by it after three years based on a pre-agreed valuation criteria. And the FMCG major will pick up 19.8 per cent in Nutritionalab for ₹70 crore.

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