India, March 17 -- The Government of India issued the following news release:
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 pro...