Nestle India sets 5.25% cap on royalty payments to parent company, with annual 0.15% increases over five years, starting July 1, 2024.
Nestle India approves a 5.25% cap on royalty payments to its parent company, Société des Produits Nestlé S.A., with annual 0.15% increases over the next five years. The current 4.5% rate will apply from July 1, 2024. This decision follows Nestle India's 2019 commitment to seek shareholder approval for royalty payments every five years, aiming for greater inclusivity and compliance with legal regulations.
April 05, 2024
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