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.

May 18, 2024
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