Hindustan Unilever shares will adjust for the demerger of its ice cream business, Kwality Wall's India, after a special pre-open session on December 5. Investors holding HUL shares on that date will receive free shares of the demerged unit.

Thursday, December 4, is the last trading day for HUL as a combined entity.

HUL has set December 5 as the record date for the separation of Kwality Wall's. Shareholders will get one share of the new company for every HUL share they hold, based on the 1:1 entitlement ratio.

In the derivatives segment, all existing HUL F&O contracts will expire at the end of trade on December 4.

On the record date, both exchanges will run a special pre-open session to determine the adjusted price of HUL post the spin-off. Once price discovery is completed, new F&O c

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