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The company proposes to issue 96,41,57,160 equity shares of face value of Rs 1/- each amounting to Rs 96,41,57,160/- under the bonus issue.
Nestlé India is the Indian subsidiary of Nestlé which is a Swiss multinational company. The company's products include food, beverages, chocolate, and confectioneries.
The company’s standalone net profit declined 5.2% to Rs 885.41 crore on a 4.49% jump in net sales to Rs 5,503.9 crore in Q4 FY25 over Q4 FY24.
Nestlé is the world's largest food and beverage company. It manufactures internationally famous brand names such as Nescafé, Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea.
In the cash market, the Nifty 50 index jumped 319.15 points or 1.29% to 25,112.40.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.08% to 13.67.
Trent, Reliance Industries and Nestle India were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The June 2025 F&O contracts will expire on 26 June 2025.