HUL falls for second day on royalty payment concerns

MUMBAI Thu Dec 13, 2012 10:00am IST

The owner of a ''Kirana'' or mom-and-pop grocery store accepts money from a customer in his shop in Mumbai December 7, 2012. REUTERS/Vivek Prakash

The owner of a ''Kirana'' or mom-and-pop grocery store accepts money from a customer in his shop in Mumbai December 7, 2012.

Credit: Reuters/Vivek Prakash

Related Topics

Stocks

   

MUMBAI (Reuters) - Shares in Hindustan Unilever(HLL.NS) 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 (ULVR.L).

Concerns came after Unilever Indonesia (UNVR.JK) 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:

Reuters Showcase

Uber's Woes

Uber's Woes

Uber, other taxi-hailing apps hit new roadblock in Delhi.  Full Article 

Transfer Pricing

Transfer Pricing

India's Vodafone decision eases tax worries for Shell, others.  Full Article 

Facebook Earnings

Facebook Earnings

Facebook tops Wall Street revenue target in 4th quarter.  Full Article 

Governance Reforms

Governance Reforms

IMF sets June deadline for progress on governance reforms.  Full Article 

Fed's Stance

Fed's Stance

Fed upbeat on U.S. economy, cites strong job gains.  Full Article 

Tumultuous Run

Tumultuous Run

McDonald's CEO Don Thompson leaving.  Full Article 

Samsung Results

Samsung Results

Samsung Elec's smartphone primacy under threat from Apple after weak Q4.  Full Article 

Reuters India Mobile

Reuters India Mobile

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