Capping two days of consecutive losses, shares of Nestle India ended flat on Friday following the damage control attempts by Nestle's global Chief Executive Paul Bulcke amid mounting trouble over the alleged presence of lead and MSG in Maggi noodles.
Shares of the company ended at Rs5,997.10, down 0.23 per cent on the BSE. During the day, it slipped 4.86 per cent to Rs5,718.20.
At the NSE, however, the stock ended 0.11 per cent higher at Rs6,011.60.
Unfazed by mounting trouble over the alleged presence of lead and MSG in Maggi noodles, Nestle today said the product is safe but is withdrawing it from Indian market as "unfounded reasons" have created "confusion" affecting consumer trust.
Nestle's global Chief Executive Paul Bulcke, who flew in from Switzerland to take stock of the situation after Maggi was banned in several states, said the company will cooperate with all authorities to resolve the issue.