At the time of writing the report, Nestle India shares were trading at Rs 1,187.20, down 3 percent or Rs 36.70 from the previous closing of Rs 1,223.90, on the NSE.
The stock opened at Rs 1,210 and fell to touch a low of Rs 1184. The stock was also the top loser on the Nifty FMCG, which was down around 2 percent at 42,910, at around 12.15 pm.
Zydus Wellness shares were trading at Rs 476.20, down 3.21 percent or Rs 15.80 from the previous day close of Rs 492, at around 3.15 pm on the NSE.
The stock opened at Rs 486.05 and plunged to touch a low of Rs 475.10.
On Wednesday, Food Safety and Standards Authority of India (FSSAI) said it had issued notices to Nestlé India over claims and promotional material for two products, Lactogen Pro 1 Powder and Nan Excella Pro Stage 1. It also said that it had issued a notice to Zydus Wellness Products Ltd over claims made for its Complan product.