HUL shareholders approve demerger of ice-cream business Kwality Wall's
This story was originally published at 19:40 IST on 12 August 2025
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NEW DELHI – Hindustan Unilever Ltd. said Tuesday that its shareholders have approved the demerger of its ice-cream business Kwality Wall's (India) Ltd. into a separate listed entity. Their approval was taken through remote e-voting and e-voting, as per the orders of the National Company Law Tribunal's Mumbai bench.
Of the 2 billion votes polled during the special resolution, nearly all accorded approval to the demerger, barring 41,763. For every share held in HUL, shareholders will get one share in Kwality Wall's India.
HUL has already received a 'no objection' letter from stock exchanges for this demerger, the company had informed analysts during a post-earnings conference call. "This will unlock value for all the shareholders of HUL and give them the flexibility to stay invested in the growth journey of ice cream business," the company had said.
On Tuesday, its shares closed 1.4% lower on the National Stock Exchange at INR 2,483.80. End
Reported by Anand JC
Edited by Avishek Dutta
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