STOCKWATCH

HUL Board Accords In-Principle Approval for Ice Cream Business Demerger

The Board of Directors of Hindustan Unilever Limited (HUL) has accorded in-principle approval for demerging the Ice Cream business into an independent listed entity. The proposed demerger aims to maximize value for all shareholders, with the new entity having a focused management and greater flexibility to deploy strategies suited to its distinctive business model and market dynamics. The decision is subject to necessary approvals and procedures in accordance with applicable laws, and shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HUL.

• HUL Board accorded in-principle approval for demerger of Ice Cream business
• Ice Cream business to be listed independently
• Shareholders of HUL to receive shares in the new entity
• Focused management and greater flexibility for the new entity
• Subject to necessary approvals and procedures in accordance with applicable laws