Earlier on November 25, 2024, HUL approved the demerger of the ice cream business, which owns brands like Kwality Wall's, Cornetto and Magnum into an independent listed entity.

Magnum Ice Cream Company to acquire Kwality Wall's shares from Unilever group Magnum HoldCo will buy 61.9 percent of the issued and paid-up capital of Kwality Wall’s owned by the Unilever group ...

In India, the company's subsidiary Hindustan Unilever (HUL) on January 22 this year announced that it would demerge its ice cream business into an independent entity—Kwality Wall's (India) (KWIL).

The Magnum Ice Cream Company will acquire 61.9 per cent of Kwality Wall’s (India) Ltd from Unilever Group. Fast-Moving Consumer Goods maker Hindustan Unilever Ltd (HUL) board had earlier ...

Unilever's Magnum HoldCo will acquire 61.9% of Kwality Wall's (India) Ltd following the demerger of Unilever's ice cream business. This acquisition is contingent upon the successful demerger of ...

Anand Parekh, center, and his father, Dr. Kanti Parekh, left, co-owners of Kwality Foods, talk about their ice cream inside Kwality Ice Cream shop in Edison on Thursday, September 7, 2023.