India's Zydus Wellness heads for steepest weekly drop since Feb amid regulatory scrutiny
BUZZ-India's Zydus Wellness heads for steepest weekly drop since Feb amid regulatory scrutiny ** Shares of India's Zydus Wellness ZYDS.NS fall 3.3% to 459.40 rupees
** Stock on track for fourth straight session of losses, shedding about 11% this week
** Set for biggest weekly drop since the week ended February 6
** India's food safety regulator on Wed issued notices to some consumer cos, including ZYDS, over promotional claims for infants and children's products that it said breached rules** Zydus was asked to provide scientific evidence for claims promoting its Complan children's drink, including the tagline "grow taller, faster" and "clinically proven 2X growth"
** ZYDS says its product label claims are factual and supported by scientific substantiation
** Co to continue cooperation with authorities for further clarification
** Stock up 1.39% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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