Johnson & Johnson to sell two brands in India for 300 crore.

The world's sixth largest consumer health and pharma company Johnson & Johnson (J&J) is close to selling two of its brands - Savlon antiseptic soap and liquids, and Shower to Shower talcum powder - in India for over Rs 300 crore. J&J India's non-core divestment has attracted the attention of multiple suitors, sources who did not want to be named as the sale process is currently under way, told TOI.

Tech czar Azim Premji's privately held Wipro Consumer Care, Emami and Dabur are among the bidders who have looked at the deal. The transaction involves selling brand rights and technical know-how, sources said.

India and Taiwan have been the two bigger markets for Savlon with J&J planning to sell the rights of the brand in both these markets. One source cited earlier said the maker of adhesive bandages Band-Aid, Stayfree sanitary napkins and Listerine mouth washes had insisted on selling the Savlon brand rights for the two markets together.

ET