Magnum Ice Cream Netherlands buys 61.9% stake in Kwality Wall’s India

Kwality Wall’s (India) Ltd on Monday said Magnum Ice Cream Company Holdco 1 Netherlands B.V. has acquired a 61.90% stake in the company.

The incoming promoter bought 145.44 crore shares from the existing promoters, including Unilever PLC and its group companies, under a Share Purchase Agreement signed in June 2025.

With the acquisition, Magnum Ice Cream Netherlands now controls Kwality Wall’s India and is officially classified as a promoter. The outgoing promoters have been reclassified from the “promoter” category to the public.


The board also approved leadership changes. Abhijit Bhattacharya has been appointed as Chairperson and Additional Director, while Tahir Toloy Tanridagli joins as Additional Director. Ritesh Tiwari resigned as Additional Director, effective from the conclusion of the board meeting.

The board noted the share transfer, reclassification, and appointments at its meeting on March 30, 2026.