The shares of Hindustan Unilever (HUL) adjusted to the demerger of its ice-cream business, Kwality Wall's (India) on December 5. After a special pre-open session, the stock has discovered at Rs 2,422 apiece.

About HUL-Kwality Wall's demerger:

Earlier in November 2024, HUL approved the demerger of the ice cream business, which operates popular brands including 'Kwality Wall's', 'Cornetto' and 'Magnum'. National Company Law Tribunal (NCLT) approved the demerger scheme on October 30.

The ice cream business forms 3 percent of HUL's total yearly turnover, contributing Rs 1,800 crore to the total revenue.

Demerger ratio:

The share entitlement ratio has been set at 1:1. This means that every shareholder of HUL will receive one share of the ice cream business for every share of the FMCG major

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