Nestle India declares second interim dividend of Rs 154 crore

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FMCG major Nestle India, recovering after the lifting of a ban on its popular instant noodles Maggi, has declared a second interim dividend for 2015 at Rs 16 per share, amounting to Rs 154.26 crore.

The Board of the company, in a meeting held “declared (a) second interim dividend of Rs 16 per equity share for 2015 on the entire issued, subscribed and paid-up share capital of the company of 96,415,716 equity shares of the nominal value of Rs 10 each,” Nestle said in a BSE filing.

“The second interim dividend for 2015 will be paid on and from December 23, 2015,” it added.

The company follows January-December financial year.

Earlier on May 15, Nestle India had declared an interim dividend of Rs 14 per equity share for the year. It was paid from June 2.

Nestle India relaunched Maggi noodles in the market on November 9, after fulfilling conditions set by Bombay High Court, which lifted ban imposed by FSSAI and Maharashtra FDA.

Nestle India shares were trading 0.35% up at Rs 5,857 per scrip during afternoon session on BSE.

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