Nestle India shares record worst day in 3 years on reports of high sugar in Cerelac

Nestle India's shares tumbled by more than 3% on Thursday, registering their worst fall in three years. The fall came after a study claimed that high sugar content was found in infant milk and Cerelac sold by the company. The study added that Nestle added sugar to its products in developing countries like India but not in the European markets.