Horlicks

It's one of the Anglo-Dutch company's largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope.

Unilever's share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India, Hindustan Unilever.

The GSK business is likely to fetch less than $4 billion, people close to the deal has told Reuters.

Last month, Kraft Heinz Co agreed to sell its popular health-drink brands Complan and Glucon-D, to Zydus Wellness Ltd for Rs 4,595 crore.

Unilever beat a bid from Swiss rival Nestle which was also bidding for the unit and looking to expand its portfolio in the powdered hot beverages category, the report added.

UK pharmaceutical giant GlaxoSmithKline Plc has requested bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks, people with knowledge of the matter said.

Completion of the buyout by GSK of Novartis 36.5% stake in the joint venture is currently expected to occur during the summer of 2018.

It upheld two complaints against GlaxoSmithKline Consumer Healthcare for its products Horlicks and Horlicks Growth for putting "misleading" claims

GlaxoSmithKline Consumer Healthcare (GSKCH) is working towards increasing product offerings under its Horlicks brand and strengthen presence in North and West India to enhance its market position.

It's one of the Anglo-Dutch company's largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope.

Unilever's share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India, Hindustan Unilever.

The GSK business is likely to fetch less than $4 billion, people close to the deal has told Reuters.

Last month, Kraft Heinz Co agreed to sell its popular health-drink brands Complan and Glucon-D, to Zydus Wellness Ltd for Rs 4,595 crore.

Unilever beat a bid from Swiss rival Nestle which was also bidding for the unit and looking to expand its portfolio in the powdered hot beverages category, the report added.

UK pharmaceutical giant GlaxoSmithKline Plc has requested bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks, people with knowledge of the matter said.

Completion of the buyout by GSK of Novartis 36.5% stake in the joint venture is currently expected to occur during the summer of 2018.

It upheld two complaints against GlaxoSmithKline Consumer Healthcare for its products Horlicks and Horlicks Growth for putting "misleading" claims

GlaxoSmithKline Consumer Healthcare (GSKCH) is working towards increasing product offerings under its Horlicks brand and strengthen presence in North and West India to enhance its market position.