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3M India Ltd
BSE Code 523395 ISIN Demat INE470A01017 Book Value (₹) 1,850.83 NSE Symbol 3MINDIA Div & Yield % 2.96 Market Cap ( Cr.) 32,311.32 P/E * 64.84 EPS * 442.15 Face Value (₹) 10
* Profit to Earning Ratio
* Earning Per Share
Board of 3M India approves amendments to IP agreement with 3M Company USA and 3M IPC Back
(29 Sep 2023)
The Board of 3M India at its meeting held on 29 September 2023 has approved amendments to the Intellectual Property Agreement with 3M Company USA and 3M Innovative Properties Company (3M IPC), for the provision of technology, intellectual property, products and services to 3M India. With the said amendments, effective retrospectively from 01 April 2023, the royalty payable will now reduce from 2.4% of total turnover to 1.95% of turnover (royalty was 1.54% of turnover in FY 22-23 under the previous rates).