November 7, 2014 / 11:40 AM / 4 years ago

Johnson & Johnson buys energy drink brand in India

MUMBAI, Nov 7 (Reuters) - Johnson & Johnson Inc said on Friday it had bought the energy drink brand ORSL from Indian firm Jagdale Industries Ltd for an undisclosed amount, in a bid to expand its consumer healthcare business in the country.

The U.S.-based diversified healthcare firm did not disclose the financial terms of the deal, but a source directly involved in the transaction told Reuters that Johnson & Johnson acquired the brand for about 7.5 billion rupees ($121.69 million).

$1 = 61.6300 Indian rupees Reporting by Indulal PM and Zeba Siddiqui; Editing by Biju Dwarakanath

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