Magnum Ice Cream acquires 61.9% stake in Kwality Wall’s

Group 1 - Magnum Ice Cream Netherlands has acquired a 61.9% majority stake in Kwality Wall's (India) Ltd. (KWIL), leading to a change in promoter classification [1][2] - The acquisition was executed as per a Share Purchase Agreement (SPA) dated June 25, 2025, involving Magnum Ice Cream Company Netherlands BV and Unilever PLC among others [2] - The incoming promoter, Magnum, has gained control over KWIL and is now classified as a "promoter" under the Listing Regulations, while outgoing promoters have been reclassified to the public category [2][3] Group 2 - The acquisition involved the purchase of 145.44 crore equity shares of KWIL, representing 61.9% of the company's equity share capital from Unilever [3] - KWIL has announced a change in its board, appointing Abhijit Bhattacharya as an additional (non-executive and non-independent) director and chairman, while Ritesh Tiwari has resigned from the board [3]