Nestle India had announced the issue of one bonus shares for every one share held as on the record date or a 1:1 ratio.
Shareholders who will be buying shares of Nestle India during Friday’s trading session will not be eligible for the bonus issue of shares.
This means that the number of shares that you will be having in the demat account will be adjusted in equal proportion as per the issue ratio.
For example, if the investor had 20 shares of Nestle India worth ₹45,000, the one for one bonus means that the 20 shares will become 40, although the value of the shares will remain the same. This is the first instance that Nestle India has announced bonus shares to its shareholders.
Back in January 2024, Nestle India had carried out a stock split, during which, it had split one share carrying a face value of ₹10, into 10 shares with face value of ₹1 each.
Shares of Nestle India are trading 0.4% lower on Thursday at ₹2,225. The stock is down 8% in the last one month.
