Heinz India to be sold for Rs 4,595cr

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

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

”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.

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 the BSE.