MUMBAI: Hindustan Unilever Ltd (HUL) has completed its acquisition of a 90.5 per cent stake in Uprising Science Pvt Ltd, with a cash consideration of Rs 2,706.45 crore.

The consumer goods company finalised the deal after receiving approval from India's competition watchdog in mid-March. HUL completed the transaction through a combination of primary cash infusion and secondary acquisition, as outlined in their January agreement.

The Competition Commission of India had granted its approval on 17 March, clearing the way for HUL to proceed with its acquisition strategy. The regulatory clearance removed the final obstacle for the transaction, which was executed according to the share purchase and subscription agreement signed on 22nd January.

Following this acquisition, Uprising Science and its subsidiaries have officially become part of the HUL corporate structure. The move signals HUL's strategy to expand its portfolio beyond traditional consumer products into scientific ventures.