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Johnson & Johnson buys energy drink brand in India

Reuters

MUMBAI (Reuters) - 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 U.S.-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 7.5 billion rupees.

(Reporting by Indulal PM and Zeba Siddiqui; Editing by Biju Dwarakanath)