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Friday, 7 November 2014

Johnson & Johnson buys energy drink brand ORSL......

Image: Thinkstock
Johnson & Johnson Inc said on Friday it had bought the energy drink brand ORSL from Jagdale Industries Ltd for an undisclosed amount, in a bid to expand its consumer healthcare business in the country.
The US-based diversified healthcare firm did not disclose the financial terms of the deal, but a source directly involved in the transaction told Reuters that Johnson & Johnson acquired the brand for about Rs 750 crore.