NCLT Mumbai Approves Demerger of Hindustan Unilever’s Ice-Cream Business Into Kwality Wall’s

The National Company Law Tribunal, Mumbai Bench, approved under Sections 230, 231 & 232 of the Companies Act, 2013, the demerger of Hindustan Unilever Limited’s ice-cream business into its wholly owned subsidiary, Kwality Wall’s (India) Limited. 

The Tribunal held the scheme to be fair, lawful, and in the public interest. The Tribunal clarified that each HUL shareholder will receive one fully paid equity share of Kwality Wall’s for every HUL share held.

The demerger, part of Unilever PLC’s global restructuring, aims to unlock shareholder value. The Tribunal directed compliance with statutory, tax, and employee protection requirements.

[Hindustan Unilever Limited and Kwality Wall’s (India) Limited]