The Indian Competition Authority approves the acquisition of the Asian marketing subsidiary of a major pharmaceutical company by its UK and global healthcare subsidiaries (GSK Healthcare Overseas / GSK Healthcare UK / GSK Asia)

GlaxoSmithKline Consumer Healthcare Overseas Limited (“GSK Healthcare overseas”) and GlaxoSmithKline Consumer Healthcare UK Trading Limited (“GSK Healthcare UK”), (collectively referred to as “Acquirers”) are wholly owned subsidiaries of GlaxoSmithKline Consumer Healthcare Holdings (No.2) Limited (“GSK Healthcare HoldCo”). GSK Healthcare HoldCo was established through the contribution by GlaxoSmithKline plc. (“GSK”) and Pfizer Inc. (“Pfizer”) of their respective legacy consumer healthcare businesses and is owned 68% by GSK and 32% by Pfizer. GlaxoSmithKline Asia Private Limited (“GSK Asia”), a subsidiary of GlaxoSmithKline Pte. Ltd. (“GSK Pte.”), is involved in the marketing and distribution of over the counter (“OTC”) oral consumer healthcare products under various brand names such as