India's Som Distillaries tanks on police investigation over child labor

Som Distilleries and Breweries

18/06/2024 05:06

** India's Som Distillaries  SDB.NS  tumbles 15% to 105
rupees, lowest since March 28
    ** Stock posts biggest intraday pct fall since Nov 2018
    ** Indian police launches investigation after government's
child rights agency found children working at a distillery
    ** Co says its associate that ran the plant used labour
supplied by contractors who may not have carried out proper age
verification
    ** Stock last down 12.3%, erasing YTD gains and is now down
4.6% so far this year

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))