BUZZ — Nestle India slips after food regulator initiates legal action over infant nutrition products

* Shares of Nestle India reverse course to fall 2.1%, after rising as much as 1.41% earlier in the session * India's food safety regulator FSSAI says it initiated legal action against co over alleged non-compliance with food safety regulations involving three infant nutrition products * Regulator says promotional claims for NAN Excella Pro Stage 1 and Lactogen Pro 1 violated rules restricting promotional material intended to increase sales * FSSAI also says a sample of another infant nutrition product made by Nestle was found sub-standard for biotin content * Regulator says three separate adjudication cases have been filed against co over the products * YTD stock up 4.23% (Reporting by Surbhi Misra in Bengaluru) ((Surbhi.Misra@thomsonreuters.com | X: |;)