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.

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 ...

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).