Nestle India increases by 3% while keeping up its present royalty payments to the parent company
Nestle India stocks climbed 3% to reach an intraday high of Rs 2,614.45 following its decision to continue paying a general license fee, or royalty, to its parent company, Societe des Produits Nestle S.A. The current royalty rate stands at 4.5% of the net sales. Nestle (India) stated in an exchange filing, “Upon the recommendation…
