Hindustan Unilever Limited — Updates, 22-01-2025: Scheme of Arrangement

Hindustan Unilever Limited's Board has approved the demerger of its Ice Cream business into Kwality Wall’s (India) Limited, allowing shareholders to receive one equity share in KWIL for each share held in HUL. This strategic move aims to enhance focus and flexibility, positioning KWIL as a leading ice cream company in India—leveraging established brands like ‘Kwality Wall’s’ and ‘Cornetto’. The demerger promises to unlock significant value for HUL shareholders and is poised to capitalize on growth opportunities in a lucrative market segment. Regulatory approvals will be required for the scheme to take effect, creating a potential positive outlook for investors.