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News Topical, Digital Desk : Shares of Kwality Walls India Limited have been listed on BSE and NSE today, 16 February 2026, after the completion of the demerger process. The company has made its debut on the stock market by separating from Hindustan Unilever Limited (HUL). The shares have been listed at Rs 29.9 on BSE and Rs 29.8 on NSE, which is a discount of 25.87 percent.
The demerger was approved on October 30, 2025.
The stock exchange approved the listing and trading of 2,34,95,91,262 equity shares on February 12. The demerger was approved by the National Company Law Tribunal on October 30, 2025. This process was carried out as part of the plan to separate parent company Unilever's global ice cream business.
Shares were allocated on December 29th.
Shareholders were allocated shares in a 1:1 ratio based on the record date of December 5th, and the allotment was completed on December 29th. The ice cream division contributed approximately 3% of Hindustan Unilever Ltd.'s annual turnover, equivalent to revenue of approximately ₹1,800 crore.
HSBC has maintained a 'HOLD' rating on Hindustan Unilever Ltd. with a target price of ₹2,650. Morgan Stanley has maintained an 'Equal Weight' rating with a target price of ₹2,330. The inclusion of Kwality Wall's India in the Nifty 50 was announced earlier, effective December 5th. As part of the index changes, during the demerger, the company was temporarily added to the Nifty 35 index at zero price with a dummy symbol called 'DUMMYHDLVR'.
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