Large-cap FMCG giant HUL announces to demerge its ice cream business

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Large-cap FMCG elephantine Hindustan Unilever Limited (HUL) announced contiguous (Wednesday, October 23, 2024) that it would demerge its crystal pick business.
Earlier, it announced to demerge its hotels concern to unlock worth for its shareholders.

"It is hereby informed that the Board, astatine its gathering held contiguous connected 23rd October, 2024, has decided to abstracted the Ice Cream business, based connected the proposal of the Independent Committee," HUL said successful a connection connected Wednesday.

"Based connected the further recommendations of the autarkic committee, the Board volition find the mode of separation by the extremity of this twelvemonth with an nonsubjective of maximising worth for each shareholders."

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