Key Points
MUMBAI - The board of directors of Nestle India will consider the proposal of sub-division of shares of the company of face value Rs 10 each on October 19..
Stock split, particularly in high value stocks, helps in improving liquidity in the counter while also rewarding stakeholders..
Apart from a stock split, the board will also consider and recommend second interim dividend for the year 2023, the company said in an exchange filing...
If approved by the board and the shareholders, the record date for the second interim dividend will be November 1, the company said...
Last month, Nestle had received approval from the National Company Law Tribunal to transfer the entire credit balance of Rs 837 crore of the companys general reserves to retained earnings...
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