FilingReader Intelligence

Hindustan Unilever streamlines ice cream business in strategic move

June 30, 2025 at 07:19 AM UTCBy FilingReader AI

Hindustan Unilever (HUL) has announced its performance highlights for the financial year 2024-25, showcasing a year of strategic realignment. Amidst these highlights, HUL is set to demerge its ice cream business into Kwality Wall's (India) Limited (KWIL). Following the demerger, Unilever Group has agreed to sell its stake in KWIL to The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (Magnum HoldCo). Magnum HoldCo will acquire the KWIL shares, comprising 61.9% of the issued capital, from the Unilever Group upon the demerger's effectiveness. The sale is subject to regulatory approvals and Magnum HoldCo making an open offer to KWIL's public shareholders. This strategic move aims to streamline Unilever's global ice cream operations into a standalone business. After acquiring the India IPRs, The Magnum Ice Cream Company will ensure continued access to the India IPRs by HUL, and upon effectiveness of the Demerger, by KWIL, on substantially the same commercial terms as the existing licence arrangements and until a date no earlier than 1 February 2028.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:HINDUNILVRBombay Stock Exchange

News Alerts

Get instant email alerts when Hindustan Unilever publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →