MAM
Binoy Prabhakar signs off from Hindustan Times Digital
NEW DELHI: Binoy Prabhakar has stepped down as chief content officer at Hindustan Times Digital, drawing the curtain on a nearly three-year stint leading the digital operations of the 100-year-old publisher.
In a note marking his final day on Tuesday, Prabhakar said it had been an “absolute honour” to helm the newsroom and that he was “immensely proud” of the work delivered alongside his colleagues.
Prabhakar joined Hindustan Times in April 2023, tasked with sharpening its digital strategy at a time when legacy publishers are racing to reinvent storytelling, products and revenue models for online audiences.
An entrepreneurial editor by training and temperament, Prabhakar brings over 24 years of newsroom experience across some of India’s most influential business and mainstream news brands. Before Hindustan Times, he served as editor at Moneycontrol from 2020 to 2023 and earlier led CNBCTV18.com. He also held the role of deputy executive editor for special projects at Network18.
His longest tenure was at The Economic Times, where he spent nearly 12 years in roles including senior editor and deputy editor of The Economic Times Magazine. Earlier in his career, he worked with The Indian Express, The Times of India and Hindustan Times in reporting, editing and copy desk roles.
In 2017, Prabhakar was a fellow at the Tow-Knight Center for Entrepreneurial Journalism in New York, a programme focused on building sustainable, innovation-led journalism.
Known for blending newsroom rigour with product thinking, Prabhakar has consistently championed new storytelling formats, digital-first journalism and innovative business solutions.
As Hindustan Times Digital looks to its next chapter, one of India’s most seasoned digital editors signs off, leaving behind a newsroom shaped for speed, scale and survival in a brutally competitive media economy.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
