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Thursday, June 13, 2024

Know Details about Shares of Nestle India Rise 4% Due to Stock Split and Interim Dividend Plan

<p>In the early session on Wednesday, October 4, Nestle India Ltd.’s shares increased by as much as 4.45% to reach a high of Rs 23,333.65 per share on the BSE after the firm disclosed that its board meeting set for October 19 would discuss announcing a second interim dividend for 2023, if any. The idea of a stock split will also be taken into consideration by the company’s board, according to the company’s exchange filing.</p>
<p>Later this month, the board of the firm will meet to discuss the unaudited financial statements for the third quarter and nine months ended September 30, 2023.<img decoding=”async” class=”alignnone wp-image-218033″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo-750×422.png” alt=”theindiaprint.com salman khan will release the blockbuster trailer for tiger 3 on october 16 read mo” width=”1482″ height=”834″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo-750×422.png 750w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo-768×432.png 768w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo-390×220.png 390w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo-150×84.png 150w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-salman-khan-will-release-the-blockbuster-trailer-for-tiger-3-on-october-16-read-mo.png 850w” sizes=”(max-width: 1482px) 100vw, 1482px” title=”Know Details about Shares of Nestle India Rise 4% Due to Stock Split and Interim Dividend Plan 6″></p>
<p>If the board decides to split the company’s equity, it will be the first split in at least 20 years.</p>
<p>In a stock split, a business issues extra shares to owners, increasing the total number of shares by the set ratio depending on the shares they previously owned. To decrease the trading price of their stock to a range that is more comfortable for the majority of investors and to boost the liquidity of trading in their shares, companies often decide to split their stock.</p>
<p>Nestle India distributed Rs 98 to shareholders in April of this year, which included an interim and final dividend.</p>
<p>It gave a Rs 180 dividend in August of 2019—the largest payout in recent memory.</p>
<p>The stock price of Nestle India has increased 18% so far in calendar year 2023, compared to a growth of 6.3% in the S&P BSE Sensex.</p>
<p>The promoters owned 62.76 percent of Nestle India as of June 30, 2023. The ownership pattern data reveals that of the remaining 37.24% owned by public shareholders, domestic institutional investors had 9.05% stake and overseas portfolio investors held 12.38%. According to statistics, individual shareholders owned 12.85% of the stock.</p>
<p>The Nestle S.A. subsidiary in India, Nestle India, manufactures branded milk products as well as other culinary items. Additionally, Maggi noodles, soups, and sauces are produced there.</p>
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