Nestle India said it was following the rules after FSSAI started three adjudication cases against it over infant nutrition products. The company also said it had made the required stock exchange disclosures on time.
The stock had come under pressure. What FSSAI may decide next is not stated in the available reporting.
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Publisher's headline: “Nestle India issues clarification: Why FMCG stock plunged? What's FSSAI baby formula row; why it matters to consumers?”
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Signal Desk