Overview
- On the Dec. 5 record/ex-date, BSE and NSE ran a special pre-open session that set HUL’s post-demerger reference at Rs 2,424 after a reported Rs 38.15 subtraction for the ice-cream unit.
- Shareholders holding HUL as of the record date will receive one Kwality Wall’s (India) share for every HUL share, with Dec. 4 as the last buy day under T+1 settlement.
- HUL has scheduled the allotment of KWIL shares for Dec. 29, while the company guides to a Q4 FY26 listing window that remains unconfirmed.
- Index adjustments include temporarily adding a zero-priced dummy symbol for KWIL to the Nifty 50 and 35 Nifty indices, and HUL derivatives were rolled over into new contracts after expiry around the record date.
- The demerger became effective Dec. 1 following NCLT approval on Oct. 30, separating brands such as Cornetto and Magnum from HUL into a smaller unit that contributes about Rs 1,800 crore, roughly 3% of revenue.