USV Pharma buys 79% stake in Wellbeing Nutrition for Rs 1,583 crore

USV Pharma has acquired a 79% stake in Wellbeing Nutrition for Rs 1,583 crore in an all-cash deal, expanding into India’s nutraceutical supplements and wellness space. Hindustan Unilever, Fireside Ventures and founder Avnish Chhabria will divest significant stakes. Chhabria will receive about Rs 800 crore and may offload more later.