HUL Stock Adjusts After Kwality Wall’s Spin-Off
Stock Discovers at ₹2,422
HUL shares adjusted to ₹2,422 in a special pre-open session, about 2% lower than the previous close
Sharp Fall After Listing Adjustment
Post-open, the stock slipped nearly 6%, hitting ₹2,286.70 as markets reacted to the demerger
About the HUL: Kwality Wall’s Demerger
HUL demerged its ice-cream business, brands like Cornetto and Magnum. NCLT approved the scheme on October 30
1:1 Share Entitlement Ratio
HUL shareholders will receive one KWIL share for each HUL share owned as per the record date
Record Date and Eligibility
The record date is set for December 5. Shareholders on the register that day will receive free KWIL shares upon listing
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