Business

Nestle SA to buy stake in Nesle India

MUMBAI: The Switzerland-based Nestle SA group is seeking Indian government's approval to acquire up to 10 per cent equity in Nestle India from other shareholders and by way of creeping acquisition. Subject to necessary approvals, the purchase of equity shares of Nestle India would be to the extent of shares available at a price, which was acceptable to Nestle SA, the Indian subsidiary informed the Bombay Stock Exchange. Nestle SA group now holds 53.96 per cent of Nestle India's total paid-up capital.

PTI

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