HUL NCLT clears ice cream demerger to Kwality Wall's at 1:1 ratio

Nclt Scheme FiledDemerger Ratio AnnouncedCore Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹2430.00

prior close

₹2430.60

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.8% vs market

Fast Moving Consumer Goods peers, median of 280sector · sector level+0.0%-0.2% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty 100 and 0.2 pts less than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty 100Sector · Fast Moving Consumer Goods peers, median of 280Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HUL received the certified NCLT order sanctioning the demerger of its Ice Cream Business (brands Kwality Wall's, Cornetto, Magnum) into wholly owned subsidiary Kwality Wall's (India) Limited. Share entitlement ratio is 1:1, so HUL shareholders will get 1 share of Kwality Wall's for every HUL share held. This follows parent Unilever PLC's global plan to separate its ice cream business. Kwality Wall's, currently unlisted, will become a separately listed entity once the scheme becomes effective.

Likely market impact

HUL shareholders to receive 1 Kwality Wall's share per HUL share held once scheme is effective. Kwality Wall's to list separately.