The meeting of the Board of Directors of Nestle India Ltd will be held on December 07, 2009, inter-alia, to consider the proposal of Speciality Foods India Pvt. Ltd. for a possible acquisition of its Healthcare Nutrition Business (revenue for the year ended March 31, 2009 - Rs288mn) by Nestle India Ltd., on terms and conditions as may be mutually agreed.
The product portfolio under the Healthcare Nutrition Business is meant to satisfy the needs of consumers with special nutritional requirements and sold in India under brands like RESOURCE, OPTIFAST, SPERT.
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