Material update in connection with the Scheme of Arrangement - Communication received from Kwality Wall's (India) Limited
HINDUNILVR · price
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Hindustan Unilever Limited (HUL) has received a communication from Kwality Wall's (India) Limited in connection with the ongoing Scheme of Arrangement between the two companies. This scheme relates to HUL's previously announced acquisition of Kwality Wall's ice cream and frozen desserts business through a demerger-style arrangement. The communication likely pertains to procedural or regulatory progress (such as NCLT or shareholder/stock exchange milestones) in the scheme process. No new financial terms, ratios, or deal value have been disclosed in this update.
This is largely a procedural update indicating continued progress in the HUL–Kwality Wall's combination. Shareholders should await further disclosures on the swap/exchange ratio and NCLT sanction before the transaction becomes effective.