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 […]