Magnum Enters into Share Purchase Agreement to Buy 61.9% Stake of Kwality Wall’s India
The Magnum Ice Cream Company has entered into a share purchase agreement to acquire 61.9% of the stake in Kwality Wall’s from Unilever Group. The FMCG major Hindustan Unilever had earlier announced in-principle approval to demerge the ice cream business into an independent listed entity. Additionally, the firm had proposed that the shareholders of HUL would receive shares […]
Lighthouse Funds invests ₹700 crore in Parsons Nutritionals
Private equity fund Lighthouse Funds has invested ₹700 crore in Parsons Nutritionals—a contract manufacturer specializing in packaged foods, beverages, and personal care products. The round saw participation from co-investors of Lighthouse, including the International Finance Corporation (IFC), a member of the World Bank Group, Evolvence India, HDFC AMC’s Fund of Funds, and various family offices. Parsons […]
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited […]