Stay way from companies that treat themselves to royalty at your expense
R Balakrishnan
Ihear that JSW Steel is proposing to charge an annual fee from the company as a ‘licence’ for using the family name (by the time you read this, perhaps, it would have been confirmed). In other words, the Jindal name demands a royalty from the shareholders of JSW and may possibly extend this to other group companies as well.
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