New Delhi6 days ago
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FMCG company Hindustan Unilever Limited (HUL) is planning to list its separated ice cream business ‘Quality Walls’ on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company approved this proposal today at the board meeting on 22 January i.e. on 22 January.
The company stated in the stock exchange filing that HUL’s shareholders will get shares of quality walls in the new 1: 1 ratio. After the disorganization, Quality Walls (India) Limited will serve as an independent and public listed company.
Following the recommendation of an independent committee, in November 2024, the company’s board approved the disorder of ice cream business. This committee was formed by Hul in September 2024.
Ice cream brands like Walls, Corneto and Magnum near Quality Walls
The company’s entire shareholding will be held by Hul’s shareholding after the quality Walls and the listing of the quality Walls. Hindustan Unilever issued a statement saying – This world’s largest ice cream business will be ahead in the market with its portfolio, brand and innovation. Quality Walls have ice cream brands such as Walls, Corneto and Magnum.
HUL’s ice cream business turnover was ₹ 1595 crore in the last financial year
Hindustan Unilever said in a statement that the ice cream business turnover was Rs 1595 crore in the financial year ended on 31 March 2024, which is 2.7% of the company’s total standalone business.
Hul can buy minimalist
Hindustan Unilever may soon buy Jaipur based skin care startup minimalist. Recently, it was told in media reports that this deal will be for Rs 3,000 crore. Peak is a promoter of XV Partners, Minimalist.
After this deal, the minimalist valuation will increase from Rs 630 crore ($ 75 million) to Rs 3,000 crore ($ 350 million) in about three years. Its valuation will increase due to revenue and stable profit profile. Read full news …
In one year, Hindustan Unilever share gave a negative return of 1.50%
Today, the stock of Hindustan Unilever closed down 0.021% to close at Rs 2,340. In the last one year, this stock has given negative returns of 1.50%. At the same time, so far this year HUL shares rose by 0.77%.
