Significantly, Horlicks took entry in India with the British Army
after World War I(1914-18).
HUL told on Monday that it has approved merger with Glaxosmithkline(GSK), a company manufacturing Horlicks.
Horlicks was invented in 1873 by two English brothers James
and William Horlick who had emigrated to Chicago.
Disclaimer: Junior Horlicks is a nutritional food powder which as part
of a balanced daily diet helps meet your child's nutritional requirements.
By acquiring the Horlicks business, Coca-Cola would mark another multibillion-dollar acquisition,
following a deal to buy Costa Coffee for $5.1 billion last month.
Some of the world's biggest consumer companies, Nestle, Unilever and Coca-Cola,
are among bidders for buying Indian Horlicks which is owned by GlaxoSmithKline.
Although Horlicks brand in England is 140 years old
and in the deal with HUL, the company's business in England will not be affected.
The transaction is an all equity merger with 4.39 shares of HUL being allotted for every share in GSKCH
India, which sells consumer healthcare products, including popular drink brand Horlicks.