• Hyperlocal delivery app Dunzo is seeking a buyer for a distress sale to cover approximately Rs 600 crore in liabilities. Reliance Industries, a significant investor, has allowed founder-CEO Kabeer Biswas to pursue the sale despite not covering the liabilities.
• Hindustan Unilever (HUL) is in talks to acquire direct-to-consumer beauty brand Minimalist, potentially valuing the company at around Rs 3,000 crore ($350 million). Discussions focus on acquiring at least a majority stake, with a full buyout remaining an option.
• Quick-commerce firm Zepto is preparing for an initial public offering (IPO) by March or April, having secured Singapore's approval to relocate its holding entity to India. Its board will meet on January 19 to discuss IPO size and related resolutions.
• Blackstone has enlisted Morgan Stanley to advise on the sale of its 51.47% majority stake in EPL Ltd, a global specialty packaging firm. The private equity firm aims to complete the full stake sale by March 2025, seeking a significant valuation premium.

Sreeja Biswas

Dunzo is staring at a distress sale, while Hindustan Unilever is in talks to acquire Peak XV-backed Minimalist, .........

Grapevine: Dunzo, HUL, Minimalist, Zepto, Blackstone, and EPL in news

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Dunzo is staring at a distress sale, while Hindustan Unilever is in talks to acquire Peak XV-backed Minimalist, according to various media reports. Also in...

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Hindustan Unilever

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Peak XV Partners

Zepto

Blackstone

Morgan Stanley

EPL Ltd

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Grapevine: Dunzo, HUL, Minimalist, Zepto, Blackstone, and EPL in news

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