Kwality Wall's (India) Limited Lists on BSE and NSE The listing follows the demerger of the ice cream business of Hindustan Unilever Limited, approved by the National Company Law Tribunal, Mumbai Bench.
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Kwality Wall's (India) Limited has announced the listing of its equity shares on BSE Limited and National Stock Exchange of India Limited, marking a major step in its transition into an independent publicly traded company.
The listing follows the demerger of the ice cream business of Hindustan Unilever Limited, approved by the National Company Law Tribunal, Mumbai Bench. The demerger became effective on December 1, 2025. Under the approved scheme, shareholders of Hindustan Unilever as of December 5, 2025 received one equity share of Kwality Wall's (India) Limited for every share held.
Kwality Wall's (India) Limited is among India's leading ice cream and frozen dessert companies, offering well-known brands such as Kwality Wall's, Magnum and Cornetto. The company said the restructuring enables more focused growth and improved agility in responding to changing consumer demand and market trends.
It claims to operate in over 400 cities, supplies products to more than 200,000 outlets, and runs over 15,000 push carts across the country. Its portfolio also includes popular offerings such as Twister, which continue to attract a wide consumer base.
In June 2025, Unilever shareholders signed a share purchase agreement with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. for the acquisition of all shares held by Unilever shareholders in Kwality Wall's (India) Limited, representing a controlling stake. The acquisition is expected to be completed after the company's stock exchange listing, subject to regulatory approvals and the terms of the agreement.
