Hindustan Unilever (HUL) has approved a plan to separate its ice cream business into an independent entity, which will be listed on the stock exchange.
Shareholders will receive shares in the new company based on their current holdings in HUL. This move aims to unlock greater value for shareholders and provide flexibility to invest in the ice cream segment's growth. The demerger, still requiring board and shareholder approval next year, reflects HUL’s strategy to maximize shareholder returns and focus on specialized business growth.