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HUL Divests Entire Wellbeing Nutrition Stake for ₹307 Crore, Gains Full OZiva Ownership
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HUL Sells Wellbeing Nutrition Stake for ₹307 Cr, Acquires Full Control of OZiva
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CNBC TV18
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04-03-2026, 21:10
HUL Sells Wellbeing Nutrition Stake for ₹307 Cr, Acquires Full Control of OZiva
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Hindustan Unilever Ltd (HUL) sold its entire 19.8% stake in Nutritionalab (Wellbeing Nutrition) for approximately ₹307 crore.
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The company will acquire the remaining 49% stake in Zywie Ventures Private Limited for ₹824 crore, making OZiva a wholly-owned subsidiary.
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HUL entered the health and wellbeing segment in 2022 with strategic investments in OZiva and Wellbeing Nutrition.
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Both the divestment of Wellbeing Nutrition and the acquisition of full control of OZiva are expected to close by next month.
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HUL also announced a ₹2,000 crore investment for manufacturing expansion and completed the demerger of its ice cream business.
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