HUL's ice cream business operates brands such as Kwality Wall’s, Cornetto and Magnum. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The demerger of Kwality Wall's (India) Ltd. from Hindustan Unilever Ltd. will take effect on Dec. 1, the company announced on Tuesday. The board fixed Friday, Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.

The share entitlement ratio is 1:1 which means one fully paid-up equity share of face value of Rs 1 in KWIL will be given for every one held in HUL.

The Kwality Wall's listing is anticipated in the fourth quarter of the current financial year, subject to necessary regulatory approvals, HUL executives told analysts during a recent earnings call.

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