Nestlé S.A. (SWX:NESN) has once again denied reports of acquiring stake in Nestle India Ltd. (BSE:500790). Nestlé holds a 63% stake in Nestle India. and according to a report from CNBC-TV18, which cited unnamed sources, it is preparing to invest as much as US$1bn to increase its ownership of the subsidiary.

However, a spokesperson for the company denied the rumours. "We currently have no plans to increase our stake in Nestle India," the spokesperson said.