Nestle India has confirmed that it is mulling a proposal that would see the company take ownership of the healthcare and nutrition business of Speciality Foods. In a note to the Bombay Stock Exchange, the Indian unit of the Swiss food giant said that its board was meeting on 7 December to consider a possible deal.

Speciality Foods' healthcare nutrition business includes such brands as Resource, Optifast and Spert.

Source: just-food.com