The Board of Directors of Nestle India Limited has officially designated the 5th of January, 2024, as the record date for the stock subdivision, which will be executed in a 1:10 ratio. Consequently, each Nestle India share, originally carrying a face value of ?10 per equity share, will undergo subdivision into ten shares, each with a face value of Re 1 per equity share. This strategic move aims to enhance liquidity and optimize shareholder value, aligning with the company's commitment to prudent financial management and sustained growth.
Anticipated to attract heightened attention from both investors and market observers, the Fast-Moving Consumer Goods (FMCG) stock is poised for increased accessibility. The Board of Directors at Nestle India Limited has meticulously selected the 5th of January, 2024, as the record date for a stock subdivision at a 1:10 ratio. This strategic decision entails the transformation of a single Nestle India share, initially valued at ?10 per equity share, into ten shares, each carrying a face value of Re 1 per equity share. This proactive measure is expected to render the stock more affordable, aligning with the company's commitment to investor engagement and market responsiveness.
