HUL stock adjusts for Kwality Wall's spin-off, falls 7%

• Hindustan Unilever (HUL) shares fell up to 7% on December 5 as the stock adjusted for the demerger of its Kwality Wall's ice-cream business.
• The demerger, approved by NCLT on October 30, involves HUL's ice cream business, which contributes 3% of its total yearly turnover.
• HUL shareholders will receive one share of the demerged Kwality Wall's India (KWIL) for every HUL share held, with December 5 set as the record date.
• KWIL is valued between Rs 9,500 crore and Rs 11,900 crore, and its shares are expected to be listed within 60 days of NCLT approval.
• Kwality Wall's India will be included in the Nifty 50 index from December 5, initially using a dummy symbol.

Why It Matters: HUL's demerger changes stock value and offers new shares to existing investors.