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Hindustan Unilever falls on royalty payment concerns

Source : REUTERS
Last Updated: Wed, Dec 12, 2012 10:01 hrs
BSE Sensex, Nifty hit 2-year lows

Shares of Hindustan Unilever falls 2 percent on worries it will face higher royalty payments to Unilever PLC.

Concerns come after Unilever's Indonesian subsidiary, Unilever Indonesia , has agreed to pay a royalty payment to the parent company.

Hindustan Unilever did not immediately respond to an email sent by Reuters.

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