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Nestle India shareholders rejected a proposal to increase royalty payments to Swiss parent.
Nestle India shareholders rejected a proposal to increase royalty payments to its Swiss parent Nestle, with over 70% voting against the 0.15% annual increase from the current 4.5% rate.
The potential change would classify as a related party transaction under Indian regulations, preventing controlling shareholders from voting.
Nestle India did not comment on whether they will review the proposal.
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Los accionistas de Nestlé India rechazaron una propuesta para aumentar los pagos de regalías a la matriz suiza.