Kwality Wall's (India) Limited Announces Substantial Acquisition of Shares
Mumbai – March 30, 2026 – Kwality Wall's (India) Limited announced today that The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. ('Acquirer') acquired 145,44,12,858 equity shares of Kwality Wall's (India) Limited from a group of sellers, including Unilever PLC and Unilever Group Limited, on March 30, 2026.The acquisition, executed through an off-market transaction, was made pursuant to a share purchase agreement dated June 25, 2025. The purchase price per share was EUR 0.19.
Following the acquisition, The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. holds 145,44,12,858 shares, representing 61.90% of the total equity share capital/ voting capital of Kwality Wall's (India) Limited.
Prior to the acquisition, the Acquirer and its persons acting in concert held nil shares in Kwality Wall's (India) Limited.
Summary of Acquisition Details
| Number of Shares Acquired | Date of Acquisition | Mode of Acquisition | Sellers | Purchase Price Per Share | Shareholding After Acquisition |
|---|---|---|---|---|---|
| 145,44,12,858 | March 30, 2026 | Off-market transaction | Unilever PLC; Unilever Group Limited; Unilever Overseas Holdings AG; Unilever UK&CN Holdings Limited; Unilever South India Estates Limited; Unilever Assam Estates Limited; Unilever Overseas Holdings B.V. | EUR 0.19 | 61.90% |
The Acquirer had previously disclosed its intention to acquire shares in a public announcement on February 20, 2026.
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