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Shares of Nestle India were trading higher by 3.3% at Rs 6,232 on the National Stock Exchange (NSE) in otherwise weak market.
On Friday, July 24, 2015, after market hours Nestle India announced that Mr. Etienne Benet, managing director, is leaving the company with effect from July 25, 2015 and will be relocating to Nestle Group head office in Switzerland.
Suresh Narayanan, chairman and chief executive officer (CEO) of Nestlé Philippines, is set to replace Nestlé India Managing Director (MD) Etienne Benet, with effect from August 1, 2015.
The move comes amid India’s largest food company by revenue fighting the Food Safety and Standards Authority of India (FSSAI) in the Bombay High Court over the ban and recall of its Maggi noodles on June 5. CLICK HERE TO READ FULL REPORT
The hit a high of Rs 6,235 and has seen a combined 79,387 shares changed hands on the counter on the NSE and BSE.
On Friday, July 24, 2015, after market hours Nestle India announced that Mr. Etienne Benet, managing director, is leaving the company with effect from July 25, 2015 and will be relocating to Nestle Group head office in Switzerland.
Suresh Narayanan, chairman and chief executive officer (CEO) of Nestlé Philippines, is set to replace Nestlé India Managing Director (MD) Etienne Benet, with effect from August 1, 2015.
The move comes amid India’s largest food company by revenue fighting the Food Safety and Standards Authority of India (FSSAI) in the Bombay High Court over the ban and recall of its Maggi noodles on June 5. CLICK HERE TO READ FULL REPORT
The hit a high of Rs 6,235 and has seen a combined 79,387 shares changed hands on the counter on the NSE and BSE.
