Nestle India shares jump 3% as shareholders reject royalty hike

May 18, 2024

The jump in stock price happened after the MNC’s shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.

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Coal India shares gain 4% as August coal supplies rise 5.5% YoY: Buy, Sell or Hold?

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