Open to acquisition of Horlicks at 'right price': ITC
Fast-moving consumer goods giant ITC has said it is open to acquisition of GlaxoSmithKline's Horlicks brand "if it is up for sale and at a right price". GSK had gone for a strategic review of the Horlicks brand to fund its $13-billion Novartis deal. However, ITC isn't interested in buying Kraft Heinz's Complan brand, which is reportedly up for sale. 