Nestle India stocks crash over Maggi

June 03, 2015 01:37 pm | Updated November 16, 2021 05:03 pm IST - Mumbai

The shares of Nestle India plunged 10.10 per cent on BSE.

The shares of Nestle India plunged 10.10 per cent on BSE.

Shares of Nestle India slumped over 10 per cent on Wednesday amid growing concerns about safety standards of its popular Maggi noodles.

Samples of Maggi noodles taken in the National Capital were found “unsafe” for consumption during tests by the Delhi government, which decided to initiate a case against Nestle India.

The stock plunged 10.10 per cent to Rs 6,119.40 on BSE.

On NSE, it fell sharply by 10.2 per cent to Rs 6,109.

A Bihar court on Tuesday ordered an FIR against Maggi brand ambassadors Amitabh Bachchan, Madhuri Dixit and Preity Zinta even as Nestle India faced trouble in more States.

State-owned retail outlets in Kerala were asked to withdraw these products, and Karnataka and Haryana ordered random lifting of samples for scrutiny.

The Union Health Ministry said it will look into the matter, taking note of various reports suggesting that the samples of Maggi contained higher-than-permissible levels of lead and monosodium glutamate.

Meanwhile, BSE has sought clarification from Nestle India with reference to reports that the Maggi samples failed safety test in Delhi.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.