Nestle India share price
INDIA Shares of Nestle India Ltd took center stage in Friday's trading session, as the FMCG stock went ex-date for a stock split. Today also marks the record date for determining eligible shareholders who will benefit from this stock split. All shareholders of Nestle India whose names appear on the list at the end of today will be entitled to receive split shares. In an October filing, Nestle India announced that its board had approved a sub-division/split of each equity share, transforming each share with a face value of Rs. 10/- into 10 equity shares with a face value of Re. 1/- each. This alteration of the Capital Clause of the Memorandum of Association of the Company was subject to the approval of the members through a Postal Ballot. Nestle India has now set Friday, January 5 as the "Record Date" to determine the entitlement of equity shareholders for the sub-division/split of existing equity shares. This means that each fully paid-up equity share with a face value