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The Economic Times

Economy / The Economic Times

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Magnum expands its 'cone-quest' with Kwality Wall's India deal

A mandatory open offer to public shareholders is currently underway in line with Indian takeover regulations and is expected to conclude within four to six months. Should the Magnum Ice Cream Company's stake rise above 75% following the offer, it will be required to cut holdings to comply with minimum public shareholding norms within a year.

31 Mar 2026 1:19 am