Zydus Cadila Group to acquire consumer brand business of Kraft Heinz in India

Zydus Cadila Group will acquire the consumer brand business of Kraft Heinz in India, which includes the children's milk drink Complan, for Rs 4500-4600 crore.

Once the group gets selected, it will hire a private equity partner for financing support. The company had sent feelers to PE groups like True North, Temasek, Warburg Pincus and Carlyle to partner them and may place its equity in a back-to-back deal. 

Zydus Cadila, India's fourth-largest pharmaceutical company, is the frontrunner for the Kraft Heinz's India portfolio.

Kraft Heinz consumer business in India comprises Complan, talcum powder Nycil, glucose powder drink Glucon-D and Sampriti Ghee.