SECTOR
HUL gets NCLT’s nod to demerge Ice Cream Business
Oct-31-2025

Hindustan Unilever has received National Company Law Tribunal’s (NCLT) approval to demerge its Ice Cream Business into an independent listed entity -- Kwality Wall’s (India). 

Earlier, the company’s board had approved the demerger of Ice Cream Business into an independent listed entity. Post demerger, every shareholder of the company will receive one share of Kwality Wall’s (India) for every share held in the company. The company’s Ice Cream Business operates in an attractive high-growth category and has built iconic brands such as ‘Kwality Wall’s’, ‘Cornetto’ and ‘Magnum’.

Hindustan Unilever (HUL) is an India-based consumer goods company. The company’s consumer goods business comprises of home and personal care, foods and refreshments.

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