Nutrition and wellness products maker Zydus Wellness has done well in the December quarter. The company sells products such as Sugar Free, an artificial sweetener, Ever Yuth, a skin cream, Nutra Lite, a low-fat butter substitute and has recently introduced ActiLife, a malt-based food drink with additives. The company’s stated objective is to become a Rs 500 crore by 2013-14, while its current annualised sales is about Rs 350 crore.
Debt-laden pharmaceutical company Wockhardt continued its asset selling spree, handing over its nutritional foods business to Abbott. The US pharmaceutical company will pay $130mn or Rs 627 crore, for the business which will be distributed between Wockhardt, Carol Info Services, some subsidiaries of Wockhardt and associate companies. Continue Reading →