Hindustan Unilever inks agreement to acquire 90.5% stake in Uprising Science

Hindustan Unilever has executed Share Purchase and Subscription Agreement (SPSA) for acquisition of 90.5% of shareholding of Uprising Science (Uprising) comprising secondary buyout for a cash consideration of Rs 2670 crore at a pre-money Enterprise Valuation of Rs 2955 crore (subject to adjustments as set out in the SPSA) and a primary infusion of Rs 45 crore, with an eventual acquisition of the remaining 9.5% of Uprising's shareholding as per the terms set out therein (Proposed Acquisition).

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