Nestle India Ltd.

BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
1285.65
27.10 (2.15%)
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FIIs hike stake in Nestle to 13.70% during Q4FY14

Date: 17-04-2014

Foreign institutional investors (FIIs) have raised shareholding in Nestle India to 13.70% at the end of March 2014 quarter from 13.14% as on December 31, 2013. On the other hand, domestic institutional investors’ (DIIs) shareholding decreased to 5.27% during Q4FY14 from 5.92% as on December 31, 2013.

Under DIIs, insurance companies held maximum stake of 4.34%, followed by mutual funds / UTI (0.82% stake), financial institutions / banks (0.08% stake) and central government / state government(s) (0.03%). Meanwhile, promoter and promoter group shareholding was unchanged at 62.76% at the end of March 2014 quarter.

Nestle 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.