Unilever emerges as leading bidder in tight contest for GlaxoSmithKline's Horlicks nutrition business
GSK’s assets, which include the popular malt-based drinks Horlicks and Boost, is likely to fetch less than $4 billion, said people close the deal
Cadila Healthcare, Zydus Wellness to buy Heinz India for Rs 4,595 cr; Complan, Glucon D, Nycil brands part of deal
The transaction is proposed to be financed by a mix of equity and debt
Leading FMCG firms such as Nestle, HUL and ITC are reportedly in the race to buy Horlicks and Complan.
Calling himself a not-for-profit manufacturer of domestic products, the yoga specialist cleverly made the whole thing look like a domestic versus foreign issue.