<ul data-eligibleForWebStory="false"><li>Nestle India Ltd. has approved the issuance of bonus shares in a 1:1 ratio for shareholders owning each equity share of face value Re 1.</li><li>The bonus shares will be issued by capitalizing free reserves and accumulated surplus, with the record date to be announced separately, pending shareholder approval.</li><li>In the fourth quarter, Nestle's net profit decreased to Rs 885.4 crore due to higher raw material inflation, while revenue from operations rose by 4.5% to Rs 5,503.8 crore compared to the previous year.</li><li>Shares of Nestle closed 0.57% higher at Rs 2,392.80 apiece, with analysts giving a mix of 'buy,' 'hold,' and 'sell' recommendations.</li></ul>

Nestle Approves Issuance Of Bonus Shares In 1:1 Ratio

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