Hindustan Unilever moves up on acquiring 19.8% stake in Nutritionalab
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Hindustan Unilever is currently trading at Rs. 2563.50, up by 26.70 points or 1.05% from its previous closing of Rs. 2536.80 on the BSE.
The scrip opened at Rs. 2546.95 and has touched a high and low of Rs. 2579.70 and Rs. 2546.95 respectively. So far 12668 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2741.00 on 09-Dec-2022 and a 52 week low of Rs. 1901.80 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2584.45 and Rs. 2527.50 respectively. The current market cap of the company is Rs. 603010.85 crore.
The promoters holding in the company stood at 61.90%, while Institutions and Non-Institutions held 25.81% and 12.31% respectively.
Hindustan Unilever (HUL) has completed the acquisition of 19.8% shareholding in Nutritionalab for a total consideration of Rs 70 crore in accordance with the terms and conditions of the Definitive agreements dated December 08, 2022. With this strategic investment, the company will entered into Health & Wellbeing category. Nutritionalab is involved in manufacture, buying, selling, trading and dealing in inter alia: (a) Vitamins, Minerals and Supplements and (b) Protein products.
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments.
