![Nestle India keeps royalty fee to Swiss parent at 4.5%](https://images.assettype.com/fortuneindia%2F2024-02%2Fdec8d024-fec4-4051-bd0a-2caf873a25e4%2FGettyImages_1855951723.jpg?rect=0,25,594,297&w=300&q=95)
Nestle India keeps royalty fee to Swiss parent at 4.5%
A majority of shareholders of Nestle India had voted against a proposal for a hike in royalty payments to the Swiss parent in May.
A majority of shareholders of Nestle India had voted against a proposal for a hike in royalty payments to the Swiss parent in May.
Nestlé India says it has already reduced added sugars by up to 30% over the past 5 years depending on the variant.