Nestle India stock split: FMCG major shares trade ex-date today

Nestle India stock split ex date: As part of the share split arrangement, each share of the FMCG major, having a face value of Rs 10, will be subdivided into 10 equity shares with a face value of Re 1 each.

Nestle India stock split ex date: Nestle India shares remained in focus on Dalal Street on Friday, January 5 as the stock traded ex-split. Image: Reuters

Nestle India stock split ex date: Nestle India shares remained in focus on Dalal Street on Friday, January 5 as the stock traded ex-split. The consumer products company announced its first-ever stock split, in the ratio of 1:10, in October last year. As part of the share split arrangement, each share of the FMCG major, having a face value of Rs 10, will be subdivided into 10 equity shares with a face value of Re 1 each. Nestle India shares opened at Rs 2,754 on NSE. The counter finished 1.61 per cent or Rs 43.55 lower at Rs 2,668.1 on NSE.

Nestle India stock split record date

In December, the company fixed January 5 as the record date for determining the entitlement of equity shareholders for sub-division of the stock. A record date is the cut-off date to identify the shareholders that are eligible for any corporate action such as a dividend, bonus, stock split, or buyback announced by the company earlier.

"This is to inform you that the company has fixed Friday, January 5, 2024, as the Record Date for determining the entitlement of equity shareholders for sub-division or split of existing equity shares of the company, such that 1 (one) equity share having a face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 10 (ten) equity shares having a face value of Re 1/- (Rupee one only) each, fully paid-up," according to a regulatory filing Nestle India, the manufacturer of the popular Maggi instant noodles.

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