Kwality Wall’s India: Magnum HoldCo Launches Open Offer

Kwality Wall’s (India) Ltd, recently demerged from Hindustan Unilever Limited (HUL), is set for a major ownership shift. Magnum Ice Cream Company HoldCo 1 Netherlands B.V., part of Unilever’s global restructuring, has launched an open offer to public shareholders for acquiring up to a 61.9% stake in the company.

This development follows Unilever’s decision to spin off its ice cream division, which includes brands like Magnum, Cornetto, and Kwality Wall’s. The demerger received regulatory approval in late 2025, paving the way for Kwality Wall’s independent listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 16, 2026.

Key Highlights

• Open Offer: Magnum HoldCo to acquire up to 61.9% stake in Kwality Wall’s (India).
• Strategic Move: Part of Unilever’s global plan to separate its ice cream business.
• Listing Update: Kwality Wall’s shares debut on BSE and NSE from February 16, 2026.
• Shareholder Impact: HUL shareholders received one equity share of Kwality Wall’s for every HUL share held.
• Market Outlook: Analysts expect strong investor interest given the brand’s market dominance in India’s ice cream sector.

This acquisition underscores Unilever’s strategy to streamline operations and unlock value in its ice cream portfolio, while offering Indian investors direct exposure to a standalone FMCG player.

Sources: Financial Express, NDTV Profit, Business Standard, PTI