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Colgate Palmolive (India) informs about renewal of royalty agreement

10 Aug 2016 Evaluate

Colgate Palmolive (India) has informed that the Board of Directors of the Company at their Meeting held on August 08, 2016 has approved the renewal of Royalty Agreement (Agreement), effective August 01, 2016 for a period of 5 years with its holding company viz. Colgate-Palmolive Company, USA. The renewal of said Agreement is substantially on the same terms and conditions as that of the previous one and consequently a Royalty will be paid to the holding company for usage of its Know-How and Intellectual Property. The previous Agreement was expired on July 31, 2016.

The above information is a part of company’s filings submitted to BSE.

Colgate Palmol. (I) Share Price

2106.20 128.10 (6.48%)
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