Magnum HoldCo Kwality Walls 26% Open Offer

Mandatory open offer by Magnum HoldCo to acquire up to 61.09 crore shares (26% stake) in Kwality Walls India at INR 21.33 per share pursuant to SEBI SAST Regulations.
Offer follows completion of underlying acquisition of 61.9% stake from Unilever entities for EUR 278.55 million on March 30, 2026.
Total offer consideration amounts to INR 1,303.04 crore with full escrow deposit made; tender period runs from April 23 to May 7, 2026.
Transaction results from demerger of HUL's ice cream business and global separation of Unilever's ice cream operations.