Kwality Wall’s (India) Share Price List At NSE, BSE After HUL Demerger 

Mumbai, 16 February 2026: Kwality Wall’s (India) Limited shares listed on the National Stock Exchange (NSE) and BSE on Monday following the demerger of the ice-cream business from Hindustan Unilever Ltd (HUL). The stock opened at ₹29.80 on the NSE, reflecting a 25.87% discount to its adjusted price of ₹40.20 per share, while it debuted at ₹29.90 on the BSE, a 21.6% discount to the adjusted price of ₹38.15. 

The listing follows the completion of the demerger scheme approved by the National Company Law Tribunal (NCLT) in November 2025. The separation enabled the ice-cream business to operate as an independent listed entity. 

Kwality Wall’s (India) Listing Price Details and Exchange Debut 

On the NSE, the stock commenced trading at ₹29.80 apiece. On the BSE, shares began at ₹29.90.  

On the NSE, as of 13:13 IST on 16 February 2026, the stock was trading at ₹29.95, up 0.50% from its opening price. During the session, the stock touched a high of ₹31.29 and a low of ₹28.31. The previous close reference price stood at ₹40.20, while the volume-weighted average price (VWAP) was ₹29.94, according to exchange data. 

On the BSE, the stock was trading at ₹29.96, up 0.06 from its previous close of ₹38.15. During the session, the stock touched a high of ₹31.39 and a low of ₹28.41, with a volume-weighted average price (VWAP) of ₹30.59. 

Demerger Background and Regulatory Approval 

HUL had earlier received approvals from both exchanges on 12 February 2026 for the listing and trading of 2,34,95,91,262 equity shares of ₹1 each of Kwality Wall’s (India) Limited, as per regulatory filings. 

The NCLT approved the demerger scheme on 6 November 2025, with the arrangement becoming effective from 1 December 2025. Under the entitlement ratio of 1:1, shareholders received one fully paid-up equity share of Kwality Wall’s for every one share of HUL held. 

The ice-cream business contributed ₹1,800 crore to HUL’s total revenue and accounted for around 3% of its annual turnover prior to the separation. 

Kwality Walls now trades as a standalone entity on the bourses following the completion of the corporate restructuring. With its debut today on the stock exchanges, India will see its first standalone listed ice-cream company, Kwality Wall’s (India) Ltd (KWIL), which will feature popular brands such as Cornetto, Magnum, and Kwality Wall’s. 

Source: https://nsearchives.nseindia.com/corporate/KWIL_16022026115750_SEIntimationPressRelease_signed.pdf