Magnum Ice Cream Netherlands buys 61.9% stake in Kwality Wall’s India

Group 1 - Magnum Ice Cream Company Holdco 1 Netherlands B.V. has acquired a 61.90% stake in Kwality Wall's (India) Ltd, purchasing 145.44 crore shares from existing promoters including Unilever PLC and its group companies [2][1] - The acquisition was formalized under a Share Purchase Agreement signed in June 2025, resulting in Magnum Ice Cream Netherlands now controlling Kwality Wall's India and being classified as a promoter [2][1] - The outgoing promoters have been reclassified from the "promoter" category to the public following the acquisition [2][1] Group 2 - The board of Kwality Wall's approved leadership changes, appointing Abhijit Bhattacharya as Chairperson and Additional Director, while Tahir Toloy Tanridagli joins as Additional Director [2][1] - Ritesh Tiwari has resigned as Additional Director, effective from the conclusion of the board meeting [2][1] - The board noted the share transfer, reclassification, and appointments during its meeting on March 30, 2026 [2][1]