Nestle India struggles on stock market, shares drop 2% after 1:10 stock split
One of India's most expensive stock, Nestle India, is now affordable as the share prices have been cut down to one tenth of the last rates.
Source: hindustantimes.com
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Nestle India shares turn ex-date for stock split; FMCG stock reacts
Nestle India stock split: All shareholders of Nestle India with their names in the list at the end of record date, i.e. today, will be eligible to receive split shares.
Source: businesstoday.in
Cochin Shipyard shares climb 6% on stock split, dividend & Q2 results. Key details
Cochin Shipyard said its board has approved the sub-division or stock split of existing one share of face value of Rs 10 each fully paid up into two equity shares.
Source: businesstoday.in
stock split: Shaily Engineering board approves 1:5 stock split. check details
The company further said the rationale of the split is to increase the floating number of shares in the hands of public shareholders, increase the liquidity of shares, and encourage the participation of small investors by making the price more affordable.
Source: indiatimes.com
