Hindustan Unilever falls after adjusting for ice cream business spin-off

** Hindustan Unilever falls 2.4% to 2,365 rupees** Stock adjusts for demerger of ice cream business** Shareholders of consumer staples major get one share of demerged ice cream business unit Kwality Wall's (India)** ICICI securities says ice cream business contributes ~3% to co's revenues and insignificantly to bottomline** Adds that ice cream business likely valued at 95 billion rupees ($1.06 billion)-119 billion rupees; value per share is 40-50 rupees($1 = 89.8560 Indian rupees)