India, April 3 -- The Magnum Ice Cream Company (TMICC), the world's largest ice cream company, has announced that it has acquired a 61.9% stake in Kwality Wall's (India) Limited (KWIL), marking a significant expansion in the Indian frozen dessert market.

The acquisition has been completed under the terms of a Share Purchase Agreement signed with Unilever on June 25, 2025.

Following the transaction, KWIL will continue to be listed on the BSE and NSE as a majority-owned subsidiary of the TMICC Group, the company said in a statement.

He said the combination of TMICC's global brand strength and innovation capabilities with KWIL's local heritage, manufacturing base, and extensive distribution network would help accelerate category growth in...