Hindustan Unilever Ltd (HUL) announced on Wednesday, January 22, that its board approved the spin-off of its ice cream business, Kwality Walls (India) Ltd, into a separately listed entity.

Rohit Jawa, CEO and managing director, HUL said: “Our Ice Cream category is a high-growth business with iconic brands such as ‘Kwality Wall’s’, ‘Cornetto’ and ‘Magnum’, operating ...

“Our Ice Cream category is a high-growth business with iconic brands such as ‘Kwality Wall’s’, ‘Cornetto’ and ‘Magnum’, operating in an attractive segment. The demerger will unlock ...

Under the demerger terms, each HUL shareholder will receive one KWIL share for every HUL share held. After the demerger and KWIL’s listing, KWIL’s entire shareholding will be directly owned by HUL ...

It has focused management with greater flexibility to deploy strategies suited to Ice Cream’s distinctive business model, read the investor presentation. Further, it said that Kwality Walls ...

The Board of FMCG major Hindustan Unilever Ltd. (HUL) on Wednesday, January 22, approved the demerger of its ice cream business, Kwality Wall's. The company informed its investors that the ...

The committee noted that the ice cream business, which includes popular brands such as Kwality Wall's, Cornetto, and Magnum, has a unique operating model. It requires specialised cold chain ...

On Wednesday, January 22, the HUL board approved the demerger of Kwality Wall's, an ice cream company. Following the demerger of the ice cream company, the resultant company will be listed on both ...

Hindustan Unilever Limited (HUL) announced on Wednesday that its board has approved the demerger of its ice cream business, Kwality Wall’s (India) Ltd (KWIL), which will become a separately listed ...

On Wednesday, the HUL board also approved the demerger of Kwality Wall's, an ice cream company. Following this, the resultant company will be listed on both the BSE and the NSE. As per the ...