Kwality Wall's (India) Limited has informed the Exchange regarding 'Press Release by The Magnum Ice Cream Company'.
KWIL · price
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The Magnum Ice Cream Company (TMICC) has completed the acquisition of 61.9% equity stake in Kwality Wall's (India) Limited (KWIL) under a Share Purchase Agreement with Unilever signed on June 25, 2025. KWIL will continue to trade on BSE and NSE as a majority-owned subsidiary of TMICC. A mandatory tender offer is currently underway and is expected to conclude within 4-6 months. If TMICC's shareholding crosses 75% post-tender, it must reduce its stake to 75% or below within one year to meet minimum public shareholding rules. TMICC is the world's largest ice cream company, headquartered in Amsterdam, with €7.9 billion in 2025 revenue and brands like Magnum, Ben & Jerry's, and Cornetto in its portfolio.
For shareholders, this formalises TMICC's controlling stake in KWIL and provides a clear timeline for the mandatory open offer, which could offer an exit opportunity at a determined price. The deal brings global expertise, brand strength, and capital to KWIL's India operations, but may also lead to potential delisting pressure if public shareholding falls below mandated levels.