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HUL To acquire 90.5% Stake In Minimalist For Rs 2,955 Crore

Hindustan Unilever Ltd. will acquire a 90.5% stake in Minimalist through secondary buyouts at a pre-money enterprise value of Rs 2,955 crore and primary infusion. The balance of 9.5% will be acquired from the founders in two years, as per the investor presentation on Wednesday.

The transaction is…

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