Magnum Ice Cream Company Holdco 1 Netherlands B.V. acquires 61.9% stake in Kwality Wall’s India
Change
Magnum Ice Cream Company Holdco 1 Netherlands B.V. acquired a 61.90% stake in Kwality Wall’s (India) Ltd by purchasing 145.44 crore shares from existing promoters, including Unilever PLC, under a June 2025 share purchase agreement.
Why it matters
The change transfers majority control and board influence to the new Netherlands-based promoter, restricting the former promoters' capacity to direct corporate strategy. Former promoters were reclassified to the public shareholding, increasing the number of dispersed shareholders and reducing concentrated promoter control.
Implications
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