HUL has obtained a go-ahead from BSE and NSE for the demerger of the corporate’s ice cream enterprise. The demerger will result in creation of a brand new entity – Kwality Wall’s (India) Restricted (KWIL).
In a regulatory submitting, HUL mentioned that in reference to the letter dated January 22, 2025 concerning the determination of the corporate board approving the demerger, “…we want to inform you that HUL has obtained statement letter with “no antagonistic observations” from BSE Restricted on 14th Could 2025 and statement letter with “no objection” from the Nationwide Inventory Change of India Restricted on 14th Could 2025 in relation to the Scheme.”
