U.K. pharmaceutical giant GlaxoSmithKline Plc. is reportedly seeking bids for its Indian consumer-health arm.
According to a Bloomberg report, Nestle SA, PepsiCo Inc. and Reckitt Benckiser Group Plc. have shown interest in the $4.3 billion Indian unit which owns popular malted milk brand Horlicks – as mentioned by people with knowledge of the matter. The UK Drugmaker had earlier indicated its plans to review its strategies related to Horlicks and other nutritional products.