Nestle India will hold a meeting of the Board of Directors of the Company on 8 November 2019.

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Meanwhile, the S&P BSE Sensex was down -244 points or 0.65% to 37207.71.

Shares of the food and beverage maker Nestle India rose 1.79% to Rs 12,738.40 after the National Stock Exchange (NSE) announced the inclusion of the scrip in Nifty 50 Index. The stock hit an intraday high of Rs 12,887, which is also a 52-week high for the scrip.

On the BSE, 1475 shares were traded in the counter so far compared with average daily volumes of 3205 shares in the past two weeks.

Shares of Indiabulls Housing Finance slumped 6.43% to Rs 427.65. The stock would be excluded from the Nifty 50 Index. The changes will be effective 27 September 2019.

The Nifty50 index consists of well-diversified 50 stocks that account for various sectors of the economy. The index is reviewed every six months and a four-week notice is given to the market before making changes to the index set.

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Nestle India announced the launch of world's No. 1 cocoa-malt beverage - MILO in India. The product is being manufactured at the company's factory in Singapore and is specifically tailored for the Indian Customer.

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Nestle India announced that the company will commence construction of its 9th factory in India to come up in Gujarat. The stateof the art, environmentally sustainable factory for MAGGI Noodles will involve an initial investment of nearlyRs. 700 crore over the next two years.

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