Nestle India rewards shareholders: Board approves 1:1 bonus issue; first in nearly 30 years
Nestle India approves 1:1 bonus shares issue
NEW DELHI: Nestle India's board on Thursday approved the issuance of bonus equity shares in a 1:1 ratio. The company, in a regulatory filing, announced that the bonus equity shares with a face value of Re 1 each will be issued in full to shareholders holding equity shares of the same face value.
"The record date for determining the entitlement of the members of the company to receive bonus equity shares will be announced in due course," the company stated, as quoted by PTI.
The move follows the company's earlier disclosure on June 19, when it announced its intention to consider a bonus share issue.
Outgoing Chairman and Managing Director Suresh Narayanan, addressing shareholders at the AGM, said, "...the board of directors have declared a bonus of one equity share, or one equity share held...,
which is subject to the approval of the members in the EGM to be held on 24th July, 2025."
This is Nestle India's first bonus share issue since 1996 and comes after the recent share subdivision and listing on the National Stock Exchange (NSE) in 2024. The issuance is expected to benefit over 1.6 lakh small shareholders, most of whom hold fewer than five shares—a group that has long awaited such a move.
The company described the decision as a gesture of appreciation toward shareholders, stating it was intended to "recognise shareholders' consistent support throughout their growth journey."
Following the announcement, the company's stock rose by nearly 1 per cent in morning trade. Shares were last seen trading at Rs 2,426.95 on the BSE, up 0.94 per cent.
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