Jubilant Bhartia Group has decided to withdraw plans to seek corporate brand loyalty from its three group companies.
Earlier it had said in a BSE filing that the boards of Jubilant FoodWorks, Jubilant Life Sciences and Jubilant Industries had approved payment of 0.25 per cent of their respective consolidated revenues to Jubilant Enpro, a promoter group company from FY 20
However, through three separate BSE filings, the company clarified that, “Jubilant Enpro has decided not to charge the corporate brand loyalty of 0.25 per cent” of the consolidated revenues of the three entities and that “the same stands withdrawn.”