Description
BSE circular regarding bonus issue announcement for Nestle India Limited shares with scrip codes 500790 and 100790.
Summary
BSE has issued a circular regarding the bonus issue of equity shares by Nestle India Limited (Scrip Codes: 500790 / 100790). This corporate action involves the issuance of additional shares to existing shareholders at no cost.
Key Points
- Company: Nestle India Limited
- Scrip Codes: 500790 / 100790
- Corporate Action: Bonus Issue
- Exchange: BSE (Bombay Stock Exchange)
Regulatory Changes
No specific regulatory changes mentioned - this is a standard corporate action notification.
Compliance Requirements
- Shareholders must hold shares as per record date to be eligible for bonus shares
- Trading adjustments will be made post-bonus issue
- Market participants to note the corporate action for trading and settlement purposes
Important Dates
Specific dates for record date, ex-bonus date, and credit of bonus shares would be detailed in the full circular document.
Impact Assessment
The bonus issue will:
- Increase the number of outstanding shares
- Proportionally reduce the share price post-bonus
- Maintain shareholder equity value while increasing liquidity
- Require trading system adjustments for the new share structure
Impact Justification
Bonus issue affects share capital structure and trading of Nestle India shares