Nestle India announces Stock Split
Nestle India Ltd. announced a stock split, following its board meeting on Thursday, which caused the company's shares to reach an all-time high on Friday. A stock split is a corporate move that divides the existing shares into multiple new shares in order to create more shares. The ownership interests of current shareholders are not diminished. On October 19, the board of Nestle India adopt a 1:10 stock split, the company's first in the nation's history. The business claimed that it will notify shareholders of the record date for the subdivision of current equity shares in due course. The statement by the company The board ...
