Enovate produces and supplies clinically proven active ingredients for dietary supplements, functional foods, and medical food applications.
The deal size, according to the people cited above, is likely to be around $100 million (or around 830 crore).
Email queries sent to Enovate Biolife and Samara didn't elicit any response till press time.
Founded in 2009, Enovate offers five botanical ingredients used as supplements for the well-being of users, including enXtra, HeezOn®, Lanconone®, Oxyjun® and RedNiteâ.
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