India, Feb. 13 -- Hindustan Unilever Ltd (HUL) has acquired the remaining 49% stake in OZiva parent Zywie Ventures Pvt Ltd for Rs.824 Cr, making the plant-based nutrition brand a wholly owned subsidiary.

After informing the exchanges yesterday of its plan to approve the remaining 49% stake in OZiva, the FMCG major today said it has completed the transaction.

HUL had acquired a 51% stake in the D2C brand for Rs.264.28 Cr in December 2022, implying a valuation of around Rs.518 Cr at the time. The current transaction values OZiva at nearly Rs.1,682 Cr, more than three times its valuation in just over three years.

Founded in 2019, OZiva sells plant-based nutrition products across health, skin, hair and general wellness categories. Prior to...