Nestle India slides 3% as FSSAI probes alleged insect contamination in Maggi packets
FSSAI has issued a formal notice to Nestle India over alleged insect larvae found in Maggi noodles, seeking an Action Taken Report covering supplier audits, containment steps and quality controls. Shares fell 3.23% to Rs 1,375.85, trimming market cap to Rs 2.65 lakh crore as social media complaints amplified the scrutiny.
What happened
FSSAI issued notice to Nestle India over alleged insect larvae in Maggi packets, demanding Action Taken Report on suppliers, containment measures, and quality
Key facts
- 3% share drop
- Rs 1375.85 closing price
- Rs 2.65 lakh crore market cap
- 1.08 lakh shares traded
- Rs 15.06 crore turnover
Why this matters
Re-pressure-test private-label and packaged-foods targets on QA traceability, supplier indemnities, and recall-insurance coverage, since FSSAI's tougher posture raises diligence cost and lowers acceptable price for brands with thin quality-control moats.