India's Hindustan Unilever falls for 2nd day on royalty payment concerns

MUMBAI Thu Dec 13, 2012 9:55am IST

Related Topics

Stocks

   

MUMBAI Dec 13 (Reuters) - Shares in India's Hindustan Unilever fell more than 2.5 percent on Thursday, down for the second day, on concerns that it may face higher royalty payments to its parent Unilever PLC.

Concerns came after Unilever Indonesia agreed on Wednesday to pay a higher royalty payment to the parent company.

On Wednesday, in response to a Reuters query, the company spokesperson said, "As a policy we do not comment on market speculation." (Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Power Outage

Power Outage

India may face blackouts as coal shortage cuts power output  Full Article 

Moody's on Inflation

Moody's on Inflation

Persistent inflation hurting India's sovereign ratings - Moody's  Full Article 

Carmichael Project

Carmichael Project

Adani buys Australia coal mine royalty rights from Linc for $145 million  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

India-Japan Meet

India-Japan Meet

Modi eyes breakthrough nuclear pact on Japan trip   Full Article 

Monetary Policy

Monetary Policy

BofA says RBI may cut rates by 75-100 bps starting early 2015  Full Article 

Road to IPO

Road to IPO

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise  Full Article 

Automakers Haven

Automakers Haven

Tata, Volkswagen, others agree to invest $1.9 bln in India  Full Article 

Rare Earth Output

Rare Earth Output

India to chip in with 5 pct of global rare earth output  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage