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The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.
Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted
Avenue Supermarts, which runs the DMart chain of stores, Adani Green Energy, Berger Paints, Blue Star, Indraprastha Gas, Manappuram Finance, SBI Life Insurance also hit record high levels on Friday
HUL, P&G Hygiene, Britannia Industries, Colgate-Palmolive, Jubilant FoodWorks, Dabur India and Marico were up in the range of 1% to 4% in otherwise weak market