HUL shares in focus as board approves demerger of ice-cream biz into separate listed entity
HUL share price: Hindustan Unilever's board has approved the demerger of its ice cream business, including brands like Kwality Wall's and Magnum, into a separate listed entity. Current HUL shareholders will receive shares in the new company. This decision follows a similar move by HUL's UK parent and aims to maximize shareholder value, given the ice cream business's distinct operating model.