Nestle India’s first bonus issue goes live, stock down
Nestle India's maiden 1:1 bonus share issue took effect Friday, doubling shareholder holdings without changing investment value. Buyers today won't qualify for the allotment. Retail sentiment stays neutral as shares fell 8% in a month. Q1 profit dropped 13.4% to ₹647 crore on higher costs, though revenue rose 6% to ₹5,096 crore.