In today’s trading session, Nestle India saw a promising start, with its shares opening higher by 1.60% at Rs 22,805, a notable increase from its previous closing figure of Rs 22,315.25. The market buzz around Nestle India Ltd. intensified as the company announced plans for a second interim dividend for 2023 and a potential stock split.
According to the company’s exchange filing, the board is scheduled to convene on October 19 to review the unaudited financial results for the third quarter and nine months ending on September 30. Notably, November 1 has been marked as the record date to determine the eligibility for the second interim dividend for the year 2023. Additionally, the company aims to distribute the second interim dividend on November 16, signaling a positive move for investors.
Furthermore, Nestle India is contemplating a stock split of its existing equity shares, each with a face value of Rs. 10, fully paid up, as per the board’s decision. This strategic move could potentially enhance market liquidity and attract a broader investor base.
