The Magnum Ice Cream Company Completes Majority Acquisition of Kwality Wall's (India) Limited
Amsterdam, 30 March 2026 – The Magnum Ice Cream Company (TMICC) announced the completion of its acquisition of 61.9% of the equity shares of Kwality Wall's (India) Limited (KWIL), as detailed in a Share Purchase Agreement with Unilever dated June 25, 2025.KWIL will continue to be listed on the Bombay Stock Exchange (BSE: 544622) and the National Stock Exchange (NSE: KWIL).
Abhijit Bhacharya, CFO of The Magnum Ice Cream Company, stated that the transaction strengthens TMICC’s presence in the Indian ice cream market. The combination of TMICC’s global brand strength and innovation capabilities with KWIL’s local heritage, manufacturing footprint, and distribution network is expected to accelerate category growth.
A mandatory tender offer, adhering to Indian laws, is currently underway and is expected to conclude within 4-6 months. TMICC may be required to reduce its shareholding if it exceeds 75% following the tender offer, to comply with minimum public shareholding requirements.
About Kwality Wall's (India) Limited
Kwality Wall's (India) Limited (KWIL) is a leading Indian ice cream and frozen dessert company, offering brands including Kwality Wall's, Magnum and Cornedo. KWIL generated revenue from operations across India.About The Magnum Ice Cream Company
TMICC is headquartered in Amsterdam, The Netherlands and listed on Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange. The company generated €7.9 billion in revenue in 2025. For more information, visit www.corporate.magnumicecream.com.Source:
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