HUL's ice cream business operates brands such as Kwality Wall’s, Cornetto and Magnum. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The shares of Hindustan Unilever Ltd. will be in focus on Wednesday as the demerger of Kwality Wall's (India) Ltd. from HUL will take effect on Dec. 1. The board on Tuesday also fixed Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.

The demerger of Kwality Wall's (India) Ltd. from Hindustan Unilever Ltd. will take effect on Dec. 1, the company announced on Tuesday. The board fixed Friday, Dec. 5, as the record date to determine the eligible shareholders entitled to receive equity shares of KWIL.

The share entitlement ratio is 1:1 which means one fully p

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