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Investors reject Nestle India's plan to hike royalty to parent
The New Indian Express
|May 19, 2024
INSTITUTIONAL investors of Nestle India have rejected a proposal by the company’s board to raise royalty paid to its switzerland-based parent.
The proposal to increase the royalty fee to company to societe des Produits Nestle sA to 5.25% of the net sales in a staggered manner over five years from 4.5% per annum currently was rejected by 70.8% of the institutional investors.
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