HUL to list Kwality Wall’s ice cream shares, demerger ratio announced

FMCG major Hindustan Unilever Limited (HUL) on Wednesday announced that its board has approved the demerger of its ice cream business Kwality Wall’s (India) Limited (KWIL) into a separately listed entity.

According to the demerger terms, every HUL shareholder would get one KWIL share against…