Zydus Wellness gets CCI approval for acquisition of Heinz India

Zydus Wellness (ZWL) announced that the Competition Commission of India (CCI) has granted approval for ZWL's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation to this acquisition was signed on 24 October 2018.

ZWL will primarily be acquiring the business related to the four brands GluconD, Nycil, Sampriti and Complan, through this transaction. Of these, Complan, GluconD & Nycil have a legacy of over 50 years and Glucon-D & Nycil are leading brands in their respective markets.

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