HUL shares in focus after CCI approves acquisition of skincare brand Minimalist

Hindustan Unilever (HUL) gains CCI approval to acquire the parent company of beauty and personal care brand Minimalist, Uprising Science, for Rs 2,955 crore. HUL will acquire 90.5% of the shares initially, with plans for the remaining 9.5% within two years. The Minimalist team will manage the business for the next two years.