The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Unilever PLC & Others
KWIL · price
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Awaiting price reaction for this filing.
Unilever PLC and six promoter group entities (together the PAC group) have acquired 1,45,44,12,858 equity shares (about 145.44 crore shares) of Kwality Walls (India) Ltd, giving them a 61.90% stake in the company. The acquisition happened through an allotment of shares on 12 December 2025 as part of the Scheme of Arrangement that demerged the Ice Cream Business of Hindustan Unilever Limited into Kwality Walls (India) Ltd, which was approved by NCLT Mumbai on 30 October 2025. Before this, the Unilever group held no shares in the company; the company's pre-demerger equity capital of 5 crore shares was cancelled and replaced with 2,34,95,91,262 shares (face value Re. 1 each). The new entity got listed on BSE and NSE from 16 February 2026. Individually, Unilever PLC holds 47.43%, while the other six entities hold between 0.80% and 4.54% each.
This is a structural, scheme-driven acquisition rather than a market purchase, so there is no cash outflow or price impact. For shareholders, it confirms that the Ice Cream demerger from HUL is now complete and that Unilever PLC controls over 60% of the newly listed entity, meaning the stock has a defined controlling shareholder and limited free float for trading.