HUL gives in-principle nod to demerger of ice-cream business into separate listed entity

Hindustan Unilever’s board has granted preliminary approval to spin off its ice cream business into a separate publicly listed company. Shareholders will receive stock in the new entity proportional to their existing HUL holdings. The move aims to unlock value and provide the ice cream business with greater strategic flexibility. Hindustan Unilever’s board has granted preliminary approval to spin off its ice cream business into a separate publicly listed company. Shareholders will receive stock in the new entity proportional to their existing HUL holdings. The move aims to unlock value and provide the ice cream business with greater strategic flexibility.  Economic Times