MNC FMCG Firm Has Announced A 1:10 Stock Split And The Record Date Is Set On Jan 5. If You Own 1 Share Of Nestle India As On Record Date, The Sub-Division Will Leave You With 10 Shares. In Oct’23, Company’s Board Approved The Stock Split At A Face Value Of Rs 10 Into 10 Shares Of Re 1 Each. It Is The 6th Highest Priced Share Available On D-St After MRF, Page Ind, Honeywell India, 3M India & Shree Cement. Nestle Said That Stock Split Will Enhance Liquidity Of Company’s Shares & Encourage Participation. Post The Split, Share Prices Of Nestle India Will Be Reduced To 1/10th Of Current Price. The Stock Opened At Rs 26,851 On Jan 4.
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