Kotak Mahindra Capital Company Ltd has submitted to the Exchange a copy of letter of offer
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (along with PACs) has issued a Letter of Offer to acquire up to 61.09 crore equity shares (26% of voting capital) from public shareholders of Kwality Wall's (India) Limited at INR 21.33 per share in cash. This mandatory open offer follows the completion of an underlying transaction on March 30, 2026, where the Acquirer acquired 61.90% stake (145.44 crore shares) from Unilever entities (Sellers) for approximately INR 2,998 crore. The background involves HUL demerging its ice cream business into Kwality Wall's, which was then listed on stock exchanges in February 2026. The tendering period runs from April 23 to May 7, 2026.
This open offer allows public shareholders to exit at INR 21.33 per share. The Acquirer has already secured majority control (61.90%) and is now completing the mandatory SEBI takeover process, which may reduce public shareholding below the minimum requirement.