Nestle India hikes rate of royalty

by Paul Joseph on March 23, 2013 · 0 comments

FMCG giant Nestle India on Friday announced its decision to increase the rate of royalty its pays to its Geneva-based parent Nestle SA by 1.1 percentage points. The increase, which will take effect starting January 1, 2014, will be paid over period of next five years at the rate of 0.20 per cent. Currently, the company pays the 3.4 per cent of its sales as royalty to its parent firm. read more

[via Stock Watch – Stock Specific News]

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