Nestle India rewards shareholders: Board approves 1:1 bonus issue; first in nearly 30 years

Nestle India's board has approved a 1:1 bonus share issue, its first since 1996, benefiting over 1.6 lakh small shareholders. Outgoing Chairman Suresh Narayanan announced the bonus, subject to shareholder approval at an upcoming EGM. This move, following a recent share subdivision and NSE listing, is a gesture of appreciation for shareholders' consistent support.