Tata Sons doubles royalty fee to Rs 200 crore
Thursday, 9 May 2024 ()
Tata Sons has doubled the fee five years after fixing it at Rs 100 crore. Simultaneously, the holding company of Tata Group is ramping up its brand-building exercise through the title sponsorship of IPL, among other initiatives. TCS, in its notice to shareholders, revealed that it made a royalty payout of Rs 200 crore to Tata Sons in FY24.
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