Zydus Wellness has emerged as a dark horse to snap up Kraft Heinz brands Complan, Glucon-D and Nycil in a deal estimated at around Rs 4,500 crore ($610 million), people directly aware of the matter said.
The Ahmedabad-based Zydus Wellness is the consumer products unit of the Pankaj Patel-led Zydus Cadila group, which counts Cadila Healthcare as its flagship. Patel is close to finalising funding support for the buyout, including Rs 2,000 crore ($270 million) from private equity investors.
Zydus Wellness has emerged as a dark horse to snap up Kraft Heinz brands Complan, Glucon-D and Nycil in a deal estimated at around Rs 4,500 crore ($610 million), people directly aware of the matter said.
The Ahmedabad-based Zydus Wellness is the consumer products unit of the Pankaj Patel-led Zydus Cadila group, which counts Cadila Healthcare as its flagship. Patel is close to finalising funding support for the buyout, including Rs 2,000 crore ($270 million) from private equity investors.