HUL to demerge ice-cream business into independent entity

Hindustan Unilever plans to spin off its ice-cream business. The new entity will be independently listed. This move aims to unlock value and enable focused growth. The ice-cream brands include Magnum, Cornetto, and Kwality Wall's. The demerger awaits board and shareholder approvals. Unilever, the parent company, is also restructuring its global ice-cream operations.