Kraft Agrees to Sell Package of Indian Assets to Zydus

Kraft Heinz Co. has agreed to sell a portfolio of Indian businesses, including children’s milk drink Complan, to Zydus Wellness Ltd., people with knowledge of the matter said.

Zydus, which is a unit of Indian drugmaker Cadila Healthcare Ltd., could announce a deal as soon as this week, according to the people, who asked not to be identified because the information is private. It has been discussing a value of about 46 billion rupees ($625 million), one of the people said.