Nestle India's Stock Enters the Limelight as Board Announces 1:10 Stock Subdivision for Increased Affordability

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The early morning trading session on Friday saw a decline in Nestle India's stock price due to the company's ex-split status. The opening price today showed a downward trend, reaching an intraday low of ₹2,657 per share on the BSE. This marked a nearly 2% decrease compared to its Thursday closing price of ₹2,711.60 per equity share.

 

The FMCG stock is anticipated to draw continued attention from stock market investors and observers, given its increased affordability for investors. The board of directors at Nestle India Limited has set the record date for the stock subdivision in a 1:10 ratio on 5th January 2024. This implies that one Nestle India share, originally valued at ₹10 per equity share, will undergo subdivision into ten shares, each having a face value of Re 1 per equity share.