News Nation Logo

BREAKING

Cadila Healthcare, Zydus Wellness to buy Heinz India for Rs 4,595 crore

PTI | Updated on: 24 Oct 2018, 01:45:17 PM
Cadila Healthcare, Zydus Wellness to buy Heinz India for Rs 4,595 crore

New Delhi:

Cadila Healthcare along with Zydus Wellness will acquire Heinz India in a deal worth Rs 4,595 crore, a regulatory filing said Wednesday. The two companies have signed definitive agreements to buy Heinz India, a subsidiary of Kraft Heinz.

ALSO READ | Diwali Offer: Air fares start at Rs 899; ten lakh tickets offered 

Acquisition of popular brands such as Complan, Glucon D, Nycil and Sampriti Ghee from Heinz India would be a part of the deal, Cadila Healthcare said in a filing to BSE.

ALSO READ | Best deals and discounts this festive season | Know all about it

"The transaction is proposed to be financed by a mix of equity and debt. Select leading private equity firms have committed to partnering the transaction by way of equity support," it added.

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.

First Published : 24 Oct 2018, 01:45:07 PM

Videos