You are here: Home » Markets » News
Business Standard

Nestle India dips further post ban on Maggi noodles by Delhi govt for 15 days

Delhi government prohibited the sale of Maggi Noodles for 15 days claiming high levels of lead found in preliminary testing

SI Reporter  |  Mumbai 

Shares of Nestle India have extended losses and have slumped over 4% to Rs 5,921 on the Bombay Stock Exchange (BSE) after the Delhi government prohibited the sale of Maggi Noodles, a Nestle India product, for 15 days claiming high levels of lead is obtained in preliminary testing.

Meanwhile, based on a consumer complaint in coimbatore, a sample of the firm's baby milk powder, NAN Pro-3 has been tested positive for live larvae. According to the results, the milk powder has been stated unsafe for consumption by the Tamil Nadu Food Safety Wing.

Earlier, The UP FDA found lead content in Maggi to be seven times more than the permissible level in a routine test of two dozen noodle packets and ordered a recall of a 2 lakh-pack batch of noodles at the end of April.

The stock opened at Rs 5,900, touched a low of Rs 5,800 on the BSE. A total of 35,037 shares changed hands on the BSE so far.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 04 2015. 11:03 IST
RECOMMENDED FOR YOU
.