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Nestle India receives shareholders' nod for royalty payment to parent firm

26 Apr 2019 Evaluate

Nestle India has received an approval from shareholders for the continuation of royalty payments to its Swiss parent firm Societe des Produits Nestle SA. Shareholders also approved the proposal to seek their mandatory approval every five years for the fixation of royalty payment.

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 1366.55
Varun Beverages 433.70
Britannia Industries 4932.70
LT Foods 428.25
Hatsun Agro Product 1145.10
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