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Royalty Raj: HUL reopens Pandora's Box

The Morning Brief

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Introduction

Last week India's largest FMCT company HUL announced its December quarter results. But the market reaction was negative, with shares falling by 4%. The reason is because of an increase in the royalty it pays towards parent Unilever. Investors warned their anger on Twitter about how royalty was like a colonial lagan on minority shareholders.

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