New Delhi, Dec. 14 -- The demerger of Hindustan Unilever Limited's ice cream business has formally come into effect, marking a major corporate restructuring for one of India's largest FMCG companies.
The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement between Hindustan Unilever Limited (HUL) and Kwality Wall's (India) Limited (KWIL), paving the way for the transfer of the ice cream business into a separate listed entity.
The scheme, approved through orders dated October 30 and November 6, 2025, has become effective from December 1, 2025, which also serves as the appointed date.
Under the arrangement, HUL's ice cream business has been demerged and vested in KWIL on a going concern basis, allowi...