National Company Law Tribunal (NCLT), Bench at Ahmedabad has given an approval to Zydus Wellness for the Scheme of Amalgamation (Scheme) between two subsidiaries, Heinz India (Heinz) with Zydus Nutritions (ZNL). Upon amalgamation, Heinz has ceased to be in existence and also to be the subsidiary of the company. The effective date of the Scheme is May 24, 2019.
Zydus Wellness is an integrated consumer company. The company is engaged in the development, production, marketing and distribution of health and wellness products.