Acquisitions16 Feb 2026, 07:23 pm
Magnum Ice Cream Company to Acquire 26.00% Stake in Kwality Wall’s (India) Limited for INR 1303,03,63,239.57
AI Summary
The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. along with Magnum ICC Finance B.V. and The Magnum Ice Cream Company N.V. are set to acquire up to 61,08,93,729 Equity Shares of Kwality Wall’s (India) Limited, representing 26.00% of the Voting Share Capital. The Offer Price is INR 21.33 per Offer Share, amounting to a total consideration of INR 1303,03,63,239.57. This acquisition is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. along with Magnum ICC Finance B.V. and The Magnum Ice Cream Company N.V. to acquire 26.00% stake in Kwality Wall’s (India) Limited
- The Offer Price is INR 21.33 per Offer Share, amounting to a total consideration of INR 1303,03,63,239.57
- The acquisition is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- The ice cream business undertaking of Hindustan Unilever Limited stands transferred to the Target Company
- The Sellers, who are the promoters of HUL, collectively held 61.90% of the issued and fully paid-up equity shareholding of HUL, as of the Record Date