Nestle India Ltd approves stock split

The Board of Directors of Nestle India Ltd, have approved the sub-division / split of each equity share of face value of Rs. 10/- (Rupees ten only) each, fully paid-up into 10 (ten) equity shares of face value of Re. 1/- (Rupee one only) each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot. The Record Date for sub-division/ split of existing equity shares will be announced in due course.

Shares of Nestle India Limited was last trading in BSE at Rs. 24122.00 as compared to the previous close of Rs. 23269.65. The total number of shares traded during the day was 8661 in over 3594 trades.

The stock hit an intraday high of Rs. 24228.75 and intraday low of 23100.00. The net turnover during the day was Rs. 205479190.00.

Source : Equity Bulls

Keywords

NestleIndia INE239A01016 StockSplit 10For1