Kraft Heinz Co. has narrowed the list of bidders for a portfolio of Indian businesses it’s selling that includes the children’s milk drink Complan, people with knowledge of the matter said.
The Tata group, the country’s biggest conglomerate, and Dabur India, the $11.3-billion consumer goods company, are among suitors selected for the second round of bidding, according to the people. The sale has also drawn an interest from an arm of Cadila Healthcare and other potential buyers, the people said, asking not to be identified because the information is private.
Kraft Heinz has been seeking about $1 billion for the