The ice cream division, which contributes about Rs 1,800 crore annually (roughly 3% of HUL’s total turnover), will now operate as a separate company. As per the approved scheme, HUL shareholders will receive one share of KWIL for every HUL share held.

Post demerger, Magnum HoldCo, a Unilever subsidiary, will hold a 61.9% stake in KWIL, while HUL shareholders will own the remaining 38.1%. The move aims to unlock value and allow a sharper business focus, with the demerger expected to be completed by the end of FY26.

The post NCLT clears HUL’s ice cream demerger; Kwality Wall’s (India) Ltd to become standalone entity appeared first on Business of Food.