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Maggi Controversy Wipes Out Nearly Rs 10,000 Crore From Nestle's Market Cap in 5 Trading Sessions
04 Jun 2015, 07:55 PM IST i

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The controversy around Maggi noodles, under scrutiny for high content of lead and mono-sodium glutamate or MSG (a taste enhancer), has led to a sharp correction in Nestle India shares. Four states - Delhi, Gujarat, J&K and Uttarakhand - have banned Maggi for varying periods; many others have announced tests of Maggi noodles.
Since May 28, Nestle shares are down nearly 15 per cent from Rs 7,038.65 to Rs 6,010.80. The selloff has wipe...
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