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Nestle India updates on MAGGI Noodle issue

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Capital Market
Last Updated : Jun 15 2015 | 11:13 PM IST

Estimated value of stock withdrawn from market is Rs 210 crore

Nestle India announced that the Company is in the process of withdrawing MAGGI Noodles stock from the market and destroying it. The estimated 'Sales Value' of the stock in the market, including those with trade partners is around Rs 210 crore. In addition, there were MAGGI Noodles and related material in factories and distribution centres when the withdrawal was announced and the estimated value of these is around Rs 110 crore.

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First Published: Jun 15 2015 | 6:51 PM IST

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