Kwality Wall's (India) has officially debuted on the Indian stock market as a distinct company after its demerger from Hindustan Unilever Limited. The ice cream maker was listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Monday, February 16.
Share pricing and market response
Trading of Kwality Wall's shares began at ₹29.80 on the NSE, while its adjusted price was ₹40.20, reflecting a 25.87 per cent discount. On the BSE, the shares were listed at ₹29.90, with an adjusted price of ₹38.15. Within an hour of trading, the NSE share price rose by about 5 per cent, reaching ₹31.29.
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Background of the demerger
Hindustan Unilever Limited, one of India's largest FMCG companies, separated its ice cream business into Kwality Wall's. The announcement of the demerger was made in November 2024, and the separation became effective on December 1, 2025. Shares of Kwality Wall's were allotted in a 1:1 ratio to existing Hindustan Unilever shareholders.
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