The much-hyped global agreement between GlaxoSmithKline plc (GSK) and Pfizer Inc to combine their consumer businesses does not seem to affect their Indian entities as the major brands sold here are not part of the global deal.
Both GSK Consumer Healthcare and Pfizer are listed entities here. In India GSK operates through two entities — GSK Pharmaceuticals and GSK Consumer Healthcare. Only recently, GSK Consumer has divested its malted drink brand Horlicks (along with other nutrition beverages such as Boost, Maltova etc) to Hindustan Unilever Ltd. (HUL) to which the former has also given the distribution rights for its other