Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Detailed Public Statement by Magnum
KWIL · price
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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 pts more than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kwality Wall's (India) Limited has received a Detailed Public Statement for a mandatory open offer by The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (the Acquirer) along with PACs, following a Share Purchase Agreement to buy 61.90% of the company from seven Unilever group entities (Sellers) for approximately INR 2,997.84 crore (EUR 278.55 million). The open offer is for up to 61.08 crore equity shares (26% of voting share capital) at INR 21.33 per share, implying a maximum consideration of about INR 1,303.03 crore. The underlying transaction follows Hindustan Unilever's demerger of its ice cream business into Kwality Wall's at a 1:1 ratio, with shares commencing trading on BSE/NSE on February 16, 2026. Post-deal, Magnum will become the new promoter, and the Unilever Sellers will be reclassified from promoter to public category. The Acquirer has no plans to delist the company.
Public shareholders get an exit opportunity at INR 21.33 per share in cash, which will serve as a key reference price for the stock. The change of control from the Unilever group to the newly independent Magnum Ice Cream Company (itself spun off from Unilever and listed globally) is a structural shift that may influence long-term valuation, while short-term price action will hinge on where the stock trades relative to the offer price.