Plethico Pharmaceuticals Ltd on Monday said that it has joined hands with US retailing giant Walmart for supplying its nutritional products to US consumers.
Plethico Pharmaceuticals, through its wholly-owned subsidiary Natrol Inc, has entered into a supply contract with Walmart, under which the Indian firm would supply 10 new nutraceutical brands to the retailer, the company said in a filing to the Bombay Stock Exchange.
"As a key Natrol retail partner, Walmart recognises the importance... And has expanded its in-store offerings with a new grouping of ten Natrol brand nutraceuticals that address the health needs of adult women..." the filing said.
On Monday, Plethico Pharmaceuticals closed 0.4% up at Rs399 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.1% up at 17774 points.
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