M&A
HUL acquires residual 49% stake in D2C wellness brand OZiva for Rs.824-Cr
Economic Times BSE Announcement
Publicly-listed Hindustan Unilever (HUL) has acquired the remaining 49% stake in Zywie Ventures, which owns plant-based consumer wellness brand OZiva , for INR 824 crore. HUL had acquired a 51% equity stake in OZiva in December 2022 for INR 264 crore.Founded in 2016, OZiva is a plant-based consumer wellness brand in spaces such as Lifestyle Protein, Hair & Beauty Supplements and Women s health. It sells products through its omnichannels of website, digital marketplaces, as well as in offline stores.
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