๐ฐ Aditya Birla Group sets royalty cap at Rs 225-crore
The Aditya Birla Group has implemented a ceiling of Rs 225-crore for brand royalty payments. This new cap will affect companies like Grasim, Hindalco, and Novelis. The decision was formalized recently, setting a specific financial limit for these agreements. This move is part of the group's ongoing strategy to manage intellectual property costs effectively. Further details on the implementation timeline are expected soon from the corporation. ๐ฐ