Announced Mon, 16 Feb, 2026 · 07:59 IST
Magnum Ice Cream to acquire 26% of Kwality Wall's via open offer at INR 21.33
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The Magnum Ice Cream Company, Unilever's global ice cream spin-off, launched an open offer to buy 26% (about 61.09 crore shares) of Kwality Wall's India from public shareholders at INR 21.33 per share, worth up to INR 1,303 crore. This follows Magnum's SPA to buy 61.90% from Unilever group sellers for EUR 278.55 million. Kwality Wall's was demerged from HUL and listed on Feb 16, 2026. Post-offer Magnum will hold 87.90%.
Likely market impact
Public shareholders can tender shares at INR 21.33. Magnum becomes promoter; Unilever sellers exit. No minimum acceptance required.