Nestle is planning to invest up-to $1 billion to hike stake in its Indian arm -- Nestle India. In this regard, the company is looking to appoint bankers to finalise contours. The company may also opt for voluntary open offer for hiking stake.
The parent company currently holds 62% stake in Nestle India and it has window to hike stake by up-to 13%.
Nestle India has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe and many more.
