HUL shares rise 1% as Kwality Wall's to be listed on Nifty 50 for few days: Check price discovery date, other details

HUL demerger

The shares of Hindustan Unilever (HUL) were trading in the green on December 1. This comes after the FMCG major shared some Frequently Asked Questions (FAQs) on the allotment of shares of its ice cream business after demerger.

The shares rose nearly 1 percent in the early morning hours of Monday to trade at Rs 2,488 apiece, the highest level seen by the stock in more than a month.

Kwality Wall's shares to be added to Nifty 50:

The National Stock Exchange (NSE) on November 28 had announced that Kwality Wall's India will be included in the Nifty 50 index from December 5. The stock exchange will conduct a special pre-open session for HUL on December 5, ahead of the FMCG major’s planned demerger of its ice-cream business into Kwality Wall’s India.

As part of the index adjustments, the demerged entity will be briefly added to 35 Nifty indices at a zero price, using a dummy symbol 'DUMMYHDLVR'.

FAQs on allotment of Kwality Wall’s shares after demerger from HUL:

Hindustan Unilever noted that the demerger of its ice cream business, Kwality Wall’s India (KWIL) and its subsequent listing is aimed to realise its full potential, driven by a "focused management having greater flexibility to deploy strategies suited to the Ice Cream businesses’ distinctive operating model and market dynamics".

What is the entitlement ratio?

Kwality Wall's (India) operates popular ice cream brands including 'Kwality Wall's', 'Cornetto' and 'Magnum'. National Company Law Tribunal (NCLT) approved the demerger scheme on October 30.

The share entitlement ratio has been set at 1:1. This means that every shareholder of HUL will receive one share of the ice cream business for every share of the FMCG major they own, as on the record date.

Key dates for HUL-Kwality Wall's demerger:

The allotment date has been fixed at December 29. The record date to determine the eligibility of the shareholders set to receive the payment has been set on December 5.

The scheme for the demerger came to effect from today, December 1.

Can KWIL shares be issued and allotted in physical mode?

HUL said that KWIL shares need to be allotted only in dematerialsed form. Shareholders owning physical shares of HUL will need to ensure that their folios are KYC compliant and demat account details are shared with the company or its RTA, along with a copy of their Client Master List (CML), at least 7 days prior to the record date in order to receive the shares of the demerged ice cream unit.

"For shareholders whose HUL folios are KYC compliant, the Company will dispatch an Option Form enabling them to provide their demat account details for getting credit of KWIL shares in dematerialised form," HUL added.

Shareholders who own shares of HUL in demat accounts as on the record date will automatically get shares of KWL credited to their accounts. "However, Shareholders are requested to ensure that their demat accounts are KYC compliant," HUL said.

When will KWIL shares debut on stock exchanges?

HUL said the process of allotment, credit and listing of the demerged Kwality Wall’s India shares will be undertaken in due course of time. According to market regulator SEBI's rules, the shares of the demerged entity will need to be listed within 60 days from NCLT's approval of the demerger scheme.

HUL share price history:

HUL shares have now extended gains for the fourth consecutive session. The shares of the company have risen around 3 percent in the past five days, and around 5 percent in the past six months. The stock is so far up more than 7 percent in 2025.

Its P/E ratio currently stands at around 54, and the company has a market capitalisation of more than Rs 5.8 lakh crore.

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