Acquisitions16 Feb 2026, 07:36 am
Unilever Subsidiary to Acquire 26.00% Stake in Kwality Walls (India) Ltd for INR 1303,03,63,239.57
AI Summary
Kotak Mahindra Capital Company Ltd has submitted a public announcement for an open offer by The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. and its associates. The offer is to acquire up to 61,08,93,729 equity shares of Kwality Walls (India) Ltd, representing 26.00% of the voting share capital. The offer price is INR 21.33 per share, amounting to a total consideration of INR 1303,03,63,239.57. This offer is pursuant to a share purchase agreement with Unilever PLC and others, following the demerger of HUL's ice cream business to Kwality Walls (India) Ltd.
Key Highlights
- Unilever subsidiary to acquire 26.00% stake in Kwality Walls (India) Ltd
- Offer price set at INR 21.33 per share
- Total consideration of INR 1303,03,63,239.57
- Acquisition pursuant to a share purchase agreement with Unilever PLC and others
- Follows the demerger of HUL's ice cream business to Kwality Walls (India) Ltd