HUL Demerger: What happens to the stock before Friday's record date?

The market is getting ready for a hectic week of price adjustments, index reorganizations, and derivative revisions as Hindustan Unilever's much anticipated demerger of its ice cream division draws closer to completion. On Friday, which is the record date for Kwality Wall's split into a stand-alone listed corporation, the stock will reach a significant milestone. For the plan of arrangement between HUL and Kwality Wall's, HUL has set December 5 as the record date. According to the 1:1 entitlement ratio, investors will receive one share of the new business, Kwality Wal's, for each HUL share they own.