Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results

The company also declared a second interim dividend of Rs 140 per share for the year 2023.

Shares of Nestle India hit a new high at Rs 23,619, up 2 per cent on the BSE in Thursday’s intra-day trade after the company announced stock split in the ratio of 1:10 i.e. 1 equity share of face value of Rs 10 fully paid-up equity share to be sub-divided into 10 equity shares of face value of Re 1 each. The company also declared a second interim dividend of Rs 140 per equity share for the year 2023.

Nestle India said the record date for sub-division/ split of existing equity shares will be intimated in due course. While,