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S H Kelkar and Company Ltd to acquire remaining equity stake of Creative Flavours and Fragrances

Posted On: 2019-06-10 14:42:00

The Board of directors of S H Kelkar and Company Ltd has approved acquisition of remaining equity stake of Creative Flavours and Fragrances (CFF).

The Company had entered into an agreement to acquire Italy based - Creative Flavours and Fragrances SpA (CFF) in January 2018 for acquisition of 100% share capital of CFF, in tranches, over two to three years. In the first rratiche, the Company had acquired 51% stake in 2018. The remaining stake was to be acquired within three years. The Board today approved the acquisition of remaining stake during the second half of the calendar year 2019.

Shares of S H Kelkar and Company Ltd was last trading in BSE at Rs.150.75 as compared to the previous close of Rs. 151.55. The total number of shares traded during the day was 8711 in over 264 trades.

The stock hit an intraday high of Rs. 159 and intraday low of 147. The net turnover during the day was Rs. 1331296.


Source: Equity Bulls

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