M&A M&A
HUL to demerge Kwality Wall's ice cream biz into listed entity
Source Kwality Wall’s (India) Ltd (KWIL) (opens in a new tab)Mint (opens in a new tab)Business line, (opens in a new tab)
Hindustan Unilever Ltd (HUL) is to demerge its ice cream business, Kwality Wall’s (India) Ltd (KWIL) , into an independent listed entity.Under the terms of demerger, HUL shareholders will receive one share of KWIL for every HUL share they own. Post the demerger and KWIL’s listing, the entire shareholding of KWIL will be held directly by HUL’s shareholders and HUL will own 100% stake of Kwality Walls' issued and subscribed share capital.