Zydus Wellness Limited announced the update continuation to the resolution of the Board of Directors dated December 6, 2018 and further intimation made by the Company on January 11, 2019 approving the specific terms of the issue of rated, secured, listed, redeemable, non-convertible debentures ("Debentures") each having a face value of INR 1,000,000 of the aggregate nominal value up to INR 15,000,000,000.
Zydus Wellness Limited is an India-based consumer wellness company. The Company operates as an integrated consumer company with business encompassing the entire value chain in the development, production, marketing and distribution of health and wellness products. The product portfolio of the Company includes brands like Sugar Free, Everyuth, Nutralite, Complan, Glucon-D and Nycil. Glucon-D Regular variant is a source of vitamin D and Flavor variants are a rich source of vitamin C. Complan is a health food drink, scientifically designed for growing school children and contains nutrients along with milk protein. Sugar Free is a low-calorie sweetener, which is a replacement of sugar for the calorie-conscious, weight watchers and diabetics. Everyuth offers a range of skincare products under the brand name of Everyuth Naturals. Nycil prickly heat and cooling powder brand and has also expanded its portfolio into the hand sanitizer category.