Kwality Wall's shares to list today after demerger with HUL. Here’s everything you need to know
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Kwality Wall’s (India) shares are set to list and begin trading on the exchanges later today on Monday, February 16, following the demerger of the ice-cream business from Hindustan Unilever Ltd (HUL). The listing comes after HUL received approvals from both BSE and NSE for 2,34,95,91,262 equity shares of the standalone entity, marking the formal culmination of one of the company’s most significant portfolio restructurings in recent years. The hive-off became effective from December 1 last year, with December 5 fixed as the record date to determine eligible shareholders. Under the approved scheme, investors holding HUL shares as of that date received one share of Kwality Wall’s for every share held, paving the way for India’s first pure-play listed ice-cream company to enter the public markets. Domestic brokerage estimates had earlier indicated a potential valuation of Rs 50–55 per share, reflecting the seasonal nature and relatively lower...