Shares of Nestle India slumped more than 5% to an intra-day low. The fall in prices came after the company was found to be adding sugar to infant milk and cereal products across the country and other Asian countries as well as African countries.

Campaigners from Public Eye, a Swiss investigative organisation, sent samples of the Swiss multinational’s baby-food products sold in Asia, Africa, and Latin America to a Belgian laboratory for testing, according to a report by The Guardian. The sent samples were found to have sugar in the form of sucrose or honey in Nido, which is a follow-up milk formula brand intended for use for infants aged one and above. The sugar content was also found in Cerelac, a cereal aimed at children aged between six months and two years.

Surprisingly…