Rs 4,595 cr deal! Cadila Health buys iconic Complan, Glucon-D, Nycil, Sampriti ghee, brands from Heinz

Kraft Heinz has proposed to carve out business related to ketchup, tomato sauce, mayonnaise, before the closing of the transaction. Post announcement, shares of Zydus Wellness closed 4.29% lower at Rs 1203.95 per scrip on BSE while shares of Cadila Healthcare closed 5.17% lower at Rs 358.40 on BSE on Wednesday.

Rs 4,595 cr deal! Cadila Health buys iconic
Zydus warded off competition from Tata Group, Wipro, Dabur, Danone, and Coca-Cola for the assets. Cadila’s consumer health business is led by Zydus Wellness. Image source: Youtube

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