For Quick Alerts
For Daily Alerts

Nestle India Shares Higher as UK Regulator Says it's Safe


Shares of the Nestle India surged on Thursday after the UK food regulator said that levels of lead in the product is well within the permissible levels and would not be a concern to consumers.

On June 30, 2015, the Hon'ble Bombay High Court allowed Nestlé India to continue the export of MAGGI Noodles. However, the ban in India continues.

Nestle India Shares Higher as UK Regulator Says it's Safe
Nestle India: Quotes, News
BSE 14513.50BSE Quote164.9 (1.14%)
NSE 14516.85NSE Quote165.35 (1.14%)

Nestle informed the Food Standards Agency (FSA) that the only variety of Maggi Noodles they import into the UK from India is the ‘masala flavour'.

Following an incident in India, where a sample of Maggi Noodles was reported to contain high levels of lead, the Food Standards Agency made the decision to test a selection of Maggi Noodles as a precaution, the FSA said in the statement.

While, there are reports that the company is planning for a relaunch for the Maggi instant noodles.

The shares of the company was seen trading at Rs 6289, higher by 2.43 per cent on BSE at 12.40 PM IST. It touched an intraday high of Rs 6375 during the trade.

Read more about: nestle india maggi
Story first published: Thursday, July 2, 2015, 12:47 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more