India, April 22 -- FMCG major Hindustan Unilever Ltd (HUL) said it has completed the acquisition of 90.5% stake in D2C personal care brand Minimalist's parent Uprising Science Private Ltd.

In a filing with the exchanges, HUL said that it completed the acquisition via a combination of primary infusion and secondary sales in an all-cash deal totalling INR 2,706.44 Cr.

". It is now informed that the company has completed the acquisition of 90.5% shareholding of Uprising and through a combination of primary infusion and secondary acquisition for a total cash consideration of INR 2,706,44,95,728.," read the exchange filing.

With this, Uprising Science and its subsidiaries have now become subsidiaries of HUL, the FMCG giant added. If reports...