As per the company’s exchange filing, 57% public shareholders of Nestle India voted against the said proposal while remaning 43% voted in favor of the same.
As on 31 March 2024, Public shareholders held 37.24% stake in the company. The remaining 62.76% stake is held by the Promoter & Promoter Group, viz. Nestle S.A (34.28% stake) and Maggi Enterprises Limited (28.48% stake).
In April this year, the board of Nestle India had approved a proposal for payment of general licence fees (royalty) by the company to Société des Produits Nestlé S.A. (Licensor) at the rate not exceeding 5.25%, net of taxes, of the net sales of the products sold by the company.
The said payment was being made as per the terms and conditions of the existing General Licence Agreements. The amount would be...
More News
|
|