Nestle India board approves increasing the parent company’s royalty payment
Popular FMCG company Nestle India announced on Friday that its board had approved raising the royalty payment to its parent company by 0.15% annually for the next five years, increasing it from 4.5% of sales to 5.25%. The company paid general licence fees (royalty) to Nestlé SA at a rate not to exceed 5.25%, net…
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