Hindustan Unilever to Demerge Ice Cream Business; Kwality Wall's India to List as Standalone Entity

Overview

Hindustan Unilever Limited (HUL) has set December 5, 2025, as the record date for the demerger of its ice cream business into a new entity, Kwality Wall’s (India) Limited (KWIL). This strategic move aims to create India's first publicly listed multinational ice cream company. Shareholders will receive one KWIL share for each HUL share held, as the demerger officially takes effect on December 1, 2025, following National Company Law Tribunal approval.