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Rediff.com  » Business » Cadila, Zydus to buy out Heinz India for Rs 4595 cr

Cadila, Zydus to buy out Heinz India for Rs 4595 cr

October 24, 2018 13:54 IST

Cadila Healthcare along with Zydus Wellness will acquire Heinz India in a deal worth Rs 4,595 crore, a regulatory filing said on Wednesday. 

The two companies have signed definitive agreements to buy Heinz India, a subsidiary of Kraft Heinz. 

 

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. 

"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. 

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