Sanction of Scheme of Arrangement for demerger of Ice Cream Business by Hon'ble NCLT, Mumbai Bench
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Hindustan Unilever Limited has received approval from the NCLT Mumbai Bench for its Scheme of Arrangement to demerge its Ice Cream Business. This is a key milestone in the company's previously announced plan to separate the ice cream segment into a distinct entity. With the court sanction in place, the demerger process can now move forward to the next stages, including listing and shareholder allotment. The move allows HUL to sharpen focus on its core FMCG portfolio of personal care, home care, and foods.
Shareholders may receive shares of the newly demerged ice cream entity in proportion to their existing HUL holdings. The separation could unlock value and allow investors to independently value the high-growth but capital-intensive ice cream business.