Hindustan Unilever Ltd (HUL) announced on Wednesday, January 22, that its board approved the spin-off of its ice cream business, Kwality Walls (India) Ltd, into a separately listed entity.

The high-growth, but low-margin category contributes only 3 percent to HUL’s turnover and needs significant investments. The 'frozen desserts' tussle: HUL's Kwality Walls emerges ...

The Board of Directors of Hindustan Unilever (HUL) at its meeting held today, approved a scheme of arrangement, between HUL and its wholly-owned subsidiary, Kwality Wall's (India) to demerge HUL ...