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HUL Icecream Biz: Whose mouth doesn’t water on hearing the name of ice cream? But when the same ice cream starts increasing the taste of the market for investors, then what can we say? Something similar 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 register its presence in the stock market as a subsidiary of Hindustan Unilever. Investors will get stake in Quality Walls shares in fixed proportion to the current holding of Hindustan Unilever.
Decision taken on the recommendation of an independent committee
The name of the company formed after the demerger of Unilever’s ice cream business is Quality Wall’s (India) Ltd. will be. 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. It has been said in the regulatory filing of Hindustan Unilever that the decision to de-merger the ice cream business was taken by the company 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 other FMCG products. There are different ways of doing business including maintaining cold chain. They are not in sync with the rest of the FMCG business. Therefore, there is advantage in operating it under a separate company. HUL will issue and subscribe 100 percent of its shares.
Cornetto and Magnum ice cream will bear the imprint of a new company
People’s favorite Cornetto and Magnum brand ice creams will bear the imprint of Quality Walls. It may be noted that Unilever PLC, the parent company of Hindustan Unilever, had decided to separate its ice cream business across the world. In India also, a new company has been separated under this link.
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