The Competition Commission of India has approved acquisition of Uprising Science Private Limited by Hindustan Unilever Limited.

The proposed transaction involves the acquisition by Hindustan Unilever Limited (Acquirer/HUL), of 90.5% shareholding of Uprising Science Private Limited (Target), with eventual acquisition of the remaining 9.5% shareholding of the Target in about two years from the completion date as per the terms set out in the Share Purchase & Subscription Agreement executed by and between HUL and the Target.

The Acquirer is involved in the business of manufacture and sale of: (a) home care products; (b) beauty & personal care products; (c) food products and refreshments. The Acquirer has over 50+ brands spanning distinct categories and includes Lux, Surf Excel, Fair & Lovely, Lakme, Knorr, Kwality Wall’s, Brooke Bond, BRU among others.

The Target is engaged in the manufacture and sale of beauty and personal care products such as skin care & body care products, baby care products and hair care products.

Detailed order of the Commission will follow.

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