2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Magnum
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Lipton
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Kisaan
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Adityaa Milk
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Detailed explanation-1: -In December, HUL announced plans to acquire 100% in Zywie Ventures (Oziva) in two tranches with 51.00% of the shareholdings to be acquired in the first purchase and the remaining 49.00% to be acquired in the second tranche.
Detailed explanation-2: -Hindustan Unilever’s (HUL) acquisition of two digital first brands-OZiva and Wellbeing Nutrition-is in line with the premiumisation trend with an increasing number of FMCG players foraying in the high growth wellness and nutrition category, which has gained prominence amongst consumers in the post-pandemic world.
Detailed explanation-3: -FMCG giant Hindustan Unilever Limited (HUL) has invested close to INR 335 Cr in acquiring stakes in two D2C nutrition brands OZiva and Wellbeing Nutrition as it looks to bolster its play in the emerging category. HUL will buy out OZiva for a cumulative sum of INR 264.28 Cr in multiple tranches.
Detailed explanation-4: -HUL will acquire 51% equity stake in Oziva for Rs 264 crore in the first tranche, while the balance 49% will be acquired at the end of three year period based on pre-agreed valuation.