Nestle baby food concerns: Shares drop 5% as Centre vows investigation into sugar addition in infant food: Report

Nestle India shares slump after report claims excess sugar found in its baby foods

Shares of Nestle India have taken a sharp hit Thursday after a Swiss-based organisation made charges against the multi-national food company of adding sugar to

Nestle India shares drop 5% after report on high sugar content in baby food

Nestle India shares fell over 5% on the Bombay Stock Exchange (BSE) in early trade and were down 3.17% to Rs 2,466.40 at around 1.05 pm.

Nestle baby food concerns: Shares drop 5% as Centre vows investigation into sugar addition in infant food: Report

The Centre has taken notice of reports suggesting Nestle's use of sugar in infant milk products in India and will conduct a thorough investigation.

Nestle Shares Tumble After A Swiss Investigator Claims Excess Sugar In Baby Food

Shares of Nestle India Ltd. tumbled to over two-month low on Thursday after a Swiss investigative organisation said the company has been adding excess sugar in baby foods for developing countries, unlike in the U.S. and Europe.Public Eye and International Baby Food Action Network found out two of Nestle's best-selling baby food brands in mid-to-low income countries, including India, contain higher level of added sugar than products sold in devel…