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Nestle India eyeing shareholders' nod for every 5 years on royalty to parent firm

17 Apr 2019 Evaluate

Nestle India is planning to seek approval from its shareholders every five years for royalty payment to its Swiss parent firm Societe des Produits Nestle SA, after receiving their feedback over the issue.

Nestle India, which is going to convene its general meeting on April 25, had earlier proposed payment of general licence fees (royalty) of 4.5% of the net sales to its licensor during any financial year.

Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.

Peers
Company Name CMP
Nestle India 1384.15
Varun Beverages 441.80
Britannia Industries 4910.10
LT Foods 417.25
Hatsun Agro Product 1120.80
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