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 BSE.
Firms are battling over glucose-based chewable tablets.
Endorsements from actors like Amitabh Bachchan and Surya marks Heinz's renewed bid for a market dominated by Horlicks.
HJ Heinz has committed $7 million to the Heinz Micronutrient Campaign, which has already benefited more than one million children in Mongolia, Ghana, Guyana, Haiti, Indonesia and other countries. HJ Heinz has established the goal of helping 10 million children globally by 2010.
It also marks the culmination of the revamp exercise that the brand undertook 18 months back, spearheaded by Nellaiappan Thiruambalam, who was appointed as director and CEO of the personal care and foods division in April 2013.
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