Kwality Wall’s (India) Limited - Demerger Of Its Ice Cream business From Hindustan Unilever Limited
Kwality Wall’s (India) Limited - Demerger of its Ice Cream business from Hindustan Unilever Limited
The leading Indian law firm, Khaitan & Co advised Kwality Walls (India) Limited (KWIL) on the demerger of the ice cream business of Hindustan Unilever Limited (HUL) into KWIL and, subsequently, on the preparation and filing of the Information Memorandum in connection with the proposed listing of KWIL on the Indian stock exchanges, enabling direct market participation in the high-growth ice cream and frozen desserts category.
The transaction involves the transfer of all assets, liabilities, operations, intellectual property rights, and employees associated with HUL’s ice cream division into KWIL as a going concern. The firm also advised on various inter-company arrangements between HUL and KWIL, including matters relating to real estate, intellectual property, technology, data privacy, employees, and ESOPs.
The firm further advised KWIL on all post-demerger corporate actions, including end-to-end assistance in the negotiation and drafting of key agreements such as transitional services agreements, IP licensing agreements, and contract manufacturing agreements. It also advised on the preparation, vetting, and filing of the Information Memorandum for the proposed listing, ensuring compliance with applicable SEBI and stock exchange requirements.
The overall transaction was led by Vineet Shingal (Partner), Saloni Mehta (Principal Associate), Prakhar Khandelwal (Associate), and Akshat Shukla (Associate).
The Khaitan & Co team advised on the demerger and allied aspects. The team included Mehul Shah (Partner), Rushabh Gala (Principal Associate), Hiren Kukreja (Associate), and Aditi Swapnil Rathi (Associate).
The Khaitan & Co team advised on the capital markets and listing aspects. The team included Vaibhav Mittal (Partner), Mythri Murali (Associate), and Avantika Tanwar (Associate).
The Khaitan & Co team advised on other aspects of the various transactions. The team included Sharad Abhyankar (Partner), Dinesh Kumar Agrawal (Executive Director), Avnish Sharma (Partner), Deepak Kumar (Partner), Nishad Nadkarni (Partner), Nishant Arora (Partner), Rahul Jain (Partner), Shabnam Shaikh (Partner), Shailendra Bhandare (Partner), Sudipta Bhattacharjee (Partner), Supratim Chakraborty (Partner), Sourav Dan (Counsel), Arjyadeep Roy (Principal Associate), Bharat Jain (Principal Associate), Pranay Sahay (Principal Associate), Rupali Singh (Principal Associate), Anushka Venketram (Senior Associate), Khushboo Jhunjhunwala (Senior Associate), Murugaveni Pillai (Senior Associate), Ransher Singh (Senior Associate), Riya Manuja (Senior Associate), Saranya Mishra (Senior Associate), Shramana Dwibedi (Senior Associate), Anuraag Bukkapatnam (Associate), Avantika Tanwar (Associate), Jaanvi Chopra (Associate), Mythri Murali (Associate), and Vaishali Adhikari (Associate).
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