Hindustan Unilever Ltd (HINDUNILVR) announced the demerger of its Ice Cream Business Undertaking into a separate entity named Kwality Wall’s (India) Limited. Shareholders of HINDUNILVR will receive 1 share of Kwality Wall’s (India) Limited for every 1 share held in HINDUNILVR.
The record date to determine the eligible shareholders has been set as December 5, 2025. You can check the circular here.
You will be eligible for the scheme of demerger if you buy shares of HINDUNILVR on or before December 4, 2025.
When will I receive shares of Kwality Wall’s (India) Limited?
The credit of shares usually takes 30–45 days from the record date. It may happen sooner because HINDUNILVR is a large-cap index stock. You will receive an email from CDSL once the shares are credited to your demat account.
When will the allotted shares start trading on the exchanges?
Shares of Kwality Wall’s (India) Limited will start trading on the exchanges after listing approval. The listing date will be announced by the exchanges later and will be added here once available.
What will be the average price of the HINDUNILVR shares I hold and the shares I receive of Kwality Wall’s (India) Limited?
The Cost of Acquisition split will be released by the company after the record date. This determines how much of your original purchase price is assigned to HINDUNILVR and how much to Kwality Wall’s (India) Limited.
This post will be updated once the company releases the cost allocation.
What happens to the F&O contracts of HINDUNILVR?
All existing futures and options contracts of HINDUNILVR expiring on December 30, 2025, January 27, 2026, and February 24, 2026, will expire early on December 4, 2025, and will be physically settled just like it happens on the day of monthly expiry. You can learn more about physical settlement here.
All positions in the existing F&O contracts on HINDUNILVR will cease to exist after the final settlement on December 4, 2025. New futures and options contracts on HINDUNILVR will be introduced from December 5, 2025, with the same expiry dates.
A Pre-open Call Auction Session will be conducted for HINDUNILVR in the Capital Market segment on December 5, 2025 from 9 AM to 10 AM to determine the opening price post-demerger. Based on this discovered price, a minimum of five in-the-money strikes, one at-the-money strike, and five out-of-the-money strikes will be made available. F&O trading will start at 10 AM.