Indian consumer company Zydus Wellness Ltd and Cadila Healthcare Ltd will jointly buy the India business of Kraft Heinz Co for Rs 45.95 billion ($627.18 million), expanding their product portfolio in the domestic market.

The acquisition will give Zydus and Cadila access to brands such as malt-based health drink Complan, energy drink Glucon-D, talcum powder Nycil and clarified butter brand Sampriti Ghee.

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The valuation of nearly Rs 46 billion includes net working capital of Rs 400 million and cash of Rs 150 million. It does not assume any debt, Zydus said in a statement on Wednesday.

The deal is expected to add to earnings and will be financed through a mix of equity and debt. Zydus expects the deal to close in the fourth quarter of the current fiscal year.

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Shares of Zydus were trading 1.7 percent higher while those in Cadila were down 2.7 percent, in tandem with other healthcare stocks.

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