HUL to list Kwality Wall’s ice cream shares, demerger ratio announced

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FMCG major Hindustan Unilever Limited (HUL) on Wednesday announced that its board has approved the demerger of its ice cream business Kwality Wall’s (India) Limited (KWIL) into a separately listed entity.

According to the demerger terms, every HUL shareholder would get one KWIL share against every one HUL share owned.

Upon demerger and listing of KWIL, the entire shareholding of KWIL will be held directly by shareholders of HUL.

“KWIL will be a leading listed ice cream company in India, with an experienced management equipped with greater focus and flexibility to deploy strategies suited to its distinctive business model and market dynamics, thus realising its full potential,” HUL said in a statement.



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