Hindustan Unilever will separate Ice cream business...
Whose mouth doesn't water on hearing the name of ice cream. But what can one say when the same ice cream starts increasing the taste of the market for investors. Something like this is going to happen. Hindustan Unilever is going to separate its ice cream business in India. This company will also be listed separately in the stock market. The name of this new company will be Quality Wall's. Quality Walls will mark its presence in the stock market as a subsidiary of Hindustan Unilever. Investors will get a share in the shares of Quality Walls in a fixed ratio of Hindustan Unilever's current holding.
Decision taken on the recommendation of an independent committee
The name of the company formed after the demerger of Unilever's ice cream business will be Quality Wall's (India) Ltd. This decision has been taken on the recommendation of an independent committee. Quality Walls will be operated as an independent company, completely separate from Hindustan Unilever. Hindustan Unilever's regulatory filing said that the company had decided to de-merge the ice cream business on november 25 itself. This committee was formed in september 2024.
It was said that the ice cream business has a different operating model from the rest of the FMCG products. It has different ways of doing business, from maintaining the cold chain. They do not match with the rest of the FMCG business. Therefore, it is beneficial to operate it under a separate company. HUL will issue 100 percent of its shares and will also subscribe to it.
Corneto and Magnum ice cream will have the imprint of the new company
Corneto and Magnum brand ice cream, which are people's favorites, will have the imprint of Quality Walls. It is known that Hindustan Unilever's parent company Unilever PLC had decided to separate its ice cream business all over the world. In India also, a new company has been separated under this sequence.
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