Nestle India shareholders reject proposal to hike royalty payment to parent firm
New Delhi, May 2024. Shareholders of FMCG firm Nestle India Ltd have rejected a proposal by the company to increase royalty payment to its parent firm, according to a regulatory filing by the company. Nestle India’s board had last month approved increasing royalty payment to its parent firm Societe des Produits Nestle S.A (licensor) by…