Pursuits
Nestle India Slides on Lead-in-Noodles Court Complaint
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Nestle India Ltd. slid to the lowest in a month after a complaint was filed in a local court over lead levels in its Maggi instant noodles.
A court in Uttar Pradesh state sent a notice to Nestle and a trial is due from July 1 after tests found high lead levels in some noodle samples, said V.K. Pandey, an official at the state’s Food Safety and Drug Administration. The stock closed down 1.2 percent at 6,670.20 rupees in Mumbai, after earlier declining as much as 3.3 percent.