Nestlé SA to seek approval from GOI to acquire upto 10% of the equity shares on Nestlé India

Nestlé India Ltd has informed BSE that Nestlé S A Group, Switzerland which currently holds 53.96% of the total paid up capital of Nestlé India Ltd, are seeking approval of Government of India to acquire upto 10% of the equity shares of the company from other shareholders of the company as and by way of creeping acquisition. Subject to necessary approvals being received, the purchase of equity shares of Nestlé India Ltd would be to the extent of shares available at a price which is acceptable to Nestlé SA Switzerland.