Do you know about Hindustan Unilever’s new listed company? | #HUL demerger

Do you know about FMCG giant Hindustan Unilever’s new listed company? In this video, Upstox tells you about HUL’s approval to the demerger of its ice cream business into Kwality Wall's (India) Ltd. Kwality Wall's is a popular ice cream brand with products like Cornetto and Magnum. Under the demerger terms, each HUL shareholder will receive one KWIL share for every HUL share held. After the demerger and KWILs listing, KWILs entire shareholding will be directly owned by HUL shareholders. HUL stated that KWIL would become a leading listed ice cream company in India, managed by an experienced team with the flexibility and focus needed to implement strategies tailored to its unique business model and market dynamics, enabling it to achieve its full potential. Check out details of HUL’s Q3 results on Upstox news! Click here: https://upstox.com/news/market-news/s...