Hindustan Unilever Limited — Others, 25-06-2025: Others

Hindustan Unilever Limited (HUL) has announced a board meeting to consider the financial results for the quarter and half-year. Separately, following HUL’s planned demerger of its ice cream business into Kwality Wall’s (India) Limited (KWIL), the Unilever Group shareholders have entered into a share purchase agreement with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (Magnum HoldCo). Magnum HoldCo will acquire 61.9% of KWIL’s equity upon completion of the demerger and listing. This transaction will transfer control of KWIL to Magnum HoldCo, subject to regulatory approvals and an open offer to public shareholders. Unilever will facilitate continued licensing of key intellectual property to KWIL and HUL until at least February 2028. This strategic move aligns with the global separation of Unilever’s ice cream business into an independent listed entity, ‘The Magnum Ice Cream Company’.