Mumbai/IBNS, Feb. 16 -- Shares of Kwality Wall's India Ltd. made a weak debut on the stock market on Monday, listing at a sharp discount following the demerger of the ice cream business from Hindustan Unilever Limited, media reports said.

After the weak opening, the stock rose 5 percent to hit its upper price band of Rs. 31.29. However, it continued to trade at a 22.16 percent discount compared to the indicative price.

The listing follows the demerger of the ice cream business from Hindustan Unilever, part of a global restructuring announced by Unilever in 2024.

The demerged ice cream portfolio includes major brands such as Kwality Wall's, Magnum, Cornetto, Ben & Jerry's, and Wall's.

Impact in India

Why Unilever is doing this

Unilev...