MAM
Zeel designates Ashish Sehgal as chief sales officer
MUMBAI: Zee Entertainment Enterprises Ltd (Zeel) has re-designated its head – network sales Ashish Sehgal as chief sales officer.
Indiantelevision had reported in November last year that Sehgal was promoted as head of network sales following the exit of Joy Chakraborthy.
Sehgal will continue to report in to Zeel president Rajesh Jejurikar.
The announcement was made by Jejurikar in an internal mail.
Sehgal had joined Zeel in 2006 as AVP and was looking after the northern region and subsequently was promoted to EVP sales. Prior to Zeel, Sehgal was at Star India, serving as All India Sales Head of Star Gold.
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Zeel promotes Ashish Sehgal to sales head
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.
