Nestle India investors clear royalty payments to parent co at existing rate
FMCG firm Nestle India on Monday said its shareholders have approved to continue paying royalty to its parent firm at the current rate of 4.5 per cent of the net sales. Earlier in May this year, the shareholders of the company had rejected a proposal to increase payment of royalty to parent Socit des Produits Nestl S.A (licensor) by 0.15 per cent per year for the next five years thereby enhancing it to 5.25 per cent of net sales. Subsequently, last month the board of directors of the company at its... Читать дальше...