FMCG giant HUL to demerge ice cream business into listed company – Times of India
MUMBAI: FMCG giant HUL’s board has decided to demerge its ice cream business into an independent listed entity, the company said in a statement on Monday. It has been proposed that the shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the firm. “The demerger of ice cream…