Shares of Hindustan Unilever Ltd . (HUL), India's largest FMCG company, adjusted at ₹2,422 on Friday, December 5, as the stock began to trade adjusted for the demerger of its Ice Cream business. It was a ₹40 difference compared to its closing price on Thursday.

Today was the record date for the demerger of HUL's ice cream business. This means that those who had shares of HUL in their demat account as of Thursday's closing, will be eligible to avail the demerger entitlement. Eligible shareholders of HUL will receive one share of the demerged Kwality Walls, for every one share of HUL that they own.

HUL had announced the demerger of its Ice Cream business in January this year and after regulatory approvals, the demerger took effect from December 1.

Kwality Walls accounts for 3% of HUL's

See Full Page