Nestle India plans to seek shareholders' nod every 5 years on royalty to parent firm
Updated : April 16, 2019 04:02:00 IST
Modifying an ordinary resolution in a notice dated March 12, 2019 to its shareholders, Nestle India said that now it will seek approval from its shareholders every five years over the royalty payment.
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 per cent of the net sales to its licensor "during any financial year".
Published : April 16, 2019 04:02 PM IST