Hindustan Unilever falls on royalty payment concerns

Last Updated: Wed, Dec 12, 2012 10:01 hrs

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.

More from Sify: