The Magnum Ice Cream Company Completes Majority Acquisition of Kwality Wall’s (India) Limited

The Magnum Ice Cream Company (TMICC) has completed the acquisition of 61.9% of the equity shares of Kwality Wall’s (India) Limited (KWIL). KWIL will continue to trade on BSE and NSE as a majority-owned subsidiary of the TMICC Group. This transaction strengthens TMICC’s presence in one of the world’s fastest-growing, under-penetrated ice cream markets. It combines TMICC’s global brand strength and innovation capabilities with KWIL’s strong local heritage, manufacturing footprint, and extensive distribution network across India. A mandatory tender offer is currently underway and it is expected to conclude within the next 4-6 months.