HUL approves 1:1 demerger ratio for ice cream business

Hindustan Unilever Limited's (HUL) board has approved demerging its ice cream business into a separate entity named Kwality Wall's (India) Limited. Under the plan, HUL shareholders will receive one equity share of Kwality Wall's for every share they hold in HUL. The demerged entity is likely to get listed on NSE and BSE by the March quarter of FY26.