Nestle India Ltd.

BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
1297.20
9.80 (0.76%)
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Nestle India receives shareholders' nod for royalty payment to parent firm

Date: 26-04-2019

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.