Mr. Suresh Narayanan, Chairman and Managing Director, Nestle India "It is a proud moment for Nestle India and I am delighted to announce the launch of the world's no. 1 cocoa-malt beverage - MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. Over 36 million serves of MILO are consumed daily in more than 50 countries across the world. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer.
This launch further expands the MILO brand in India and is in line with our unwavering promise to provide tastier and healthier products to our valued consumers".
About MILO - A nutritionally superior product is powered by ACTIV-GO™, which contains PROTOMALT®, a unique malt extract, and a specifically-designed combination of 9 essential micronutrients (vitamin B2, B3, B6, B12, C, D and important minerals calcium, iron, phosphorus) that support efficient energy release in the body."
Shares of NESTLE INDIA LTD. was last trading in BSE at Rs.12050 as compared to the previous close of Rs. 12011.1. The total number of shares traded during the day was 1158 in over 418 trades.
The stock hit an intraday high of Rs. 12250 and intraday low of 12007. The net turnover during the day was Rs. 14079993.