BUZZ-Kwality Wall's India drops 24% in trading debut
I'm PortAI, I can summarize articles.
Shares of Kwality Wall’s (India) fell 24% to 30.55 rupees in its trading debut, valuing the firm at 71.78 billion rupees ($791.3 million). The shares listed on the NSE at 29.80 rupees, below the discovered price of 40.20 rupees. This listing follows a demerger from Hindustan Unilever, part of Unilever's strategy to separate its global ice cream business. The Magnum Ice Cream Company has launched an open offer to acquire up to 26% stake in KWAI at 21.33 rupees per share, after acquiring a 61.9% stake from Unilever entities.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments