Twilight Litaka to manufacture additional products for Herbalife India

Twilight Litaka Pharma Ltd has announced that the Company has signed an agreement with a US based Nutrition Company, namely Herbalife International India Pvt Ltd, a subsidiary of Herbalife International, a $3 billion direct selling Company, specializing in nutrition, skincare and weight-management products.

The Company will develop new products of Herbalife for its business in India and will also manufacture its food supplement products for the Indian market at the newly commissioned Twilight Group facility at Baddi, Dist. Solan, Himachal Pradesh. Under this arrangement technical know-how will be supplied by Herbalife International. The volumes are expected to be minimum Rs 50 crore per annum and will add substantially to the Company's prospects in the coming years. The Company is associated with Herbalife India as Contract Manufacturer since 1999.

The stock was trading at Rs.60.25, up by Rs.0.65 or 1.09%. The stock hit an intraday high of Rs.61.20 and low of Rs.59.60. The total traded quantity was 36925 compared to 2 week average of 49170.

Source : Equity Bulls

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