Background
Incorporated in 1959 as Food Specialities, the company rechristened itself as Nestle India three decades later. Nestle SA, Switzerland is the holding company with a 51 per cent stake. In order to conform to Foreign Exchange Regulation Act (FERA) rules, the Swiss parent reduced its stake to 40 per cent in 1978. With the easing of foreign ownership rules in the 1990s, the parent increased its stake to 51 per cent through a preferential issue in 1993.
The parent
Nestle SA is the world
