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Around Rs 20,000.
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Around Rs 2,666.
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Because Nestle India shares underwent a split from a face value of Rs 10 per share to Rs 1 per share.
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January 5, 2024 was fixed as the record date.
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Most probably, to lower the cost of share price to make it more affordable for potential investors to buy their shares.
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Also, most probably, to improve trading liquidity.
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If some one had 20 shares of Nestle India before this stock split, he will now have 200 shares.
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In stock split, the value of stock holdings does not change, unlike in the issue of bonus shares.
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Nestle India stock split was in 1:10 ratio.
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