New Delhi: The shares of Nestle India are the news on Thursday after the board of FMCG maker approved the issuance of bonus equity shares in the ratio of 1:1 to its existing shareholders.

After the bonus issue news, Nestle India stock gained 1 per cent. However later the counter pared the gains and was trading at Rs 2,407 per equity share at around 12:25 pm.

In a regulatory filing, Nestle India mentioned that the bonus equity share of face value of Re 1 will be fully issued to equity shares of face value of Re 1 each, held by the members of the company.

Nestle India filed a regulatory filing with the BSE stating that Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of Rs 1/- each for every one (1) fully paid-up equity share of face value of Rs 1/- each, held by the members of the company as on

The FMCG major said that the record date for determining the entitlement of the members of the company to receive bonus equity shares will be announced in due course.

On June 19, Nestle had stated that its board members will consider the bonus shares issue.

The annual general meeting (AGM) of Nestle India was held on Thursday. , In the meeting, the board members gave green signal to the issue of 1:1 bonus share, subject to final approval in the extraordinary general meeting (EGM) held by Nestle India on July 24, informed its outgoing Chairman and Managing Director Suresh Narayan.

“…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,” Narayanan said while the AGM.

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