ITC likely to buy GSK-owned Horlicks brand in India if valuation is right

Last year, ITC had announced its interest in foraying into health care and has set up a team for this

ITC Ltd may consider the acquisition of GSK-owned Horlicks brand in India, provided its valuation is right. The bid is expected to be opened next month. However, ITC is not interested in the Complan brand of health drinks from Kraft Heinz. 

It is suggested that in case of a takeover of this brand, the acquirer may also have to take over several other brands like prickly heat powder Nycil and glucose drink Glucon D. 

Both brands are owned by the Kraft Heinz Company in India.“If it (Horlicks) is the right price, why not? But I don’t think the bid has been opened