S H Kelkar and Company has executed Share Purchase Agreement (SPA) on April 02, 2016, for acquisition of 100% share capital of Rasiklal Hemani Agencies (RHAPL) for total consideration of Rs 28.17 crore. Further, an amount of Rs 5 crore was paid by way of Goodwill.
Further, the company’s subsidiary Keva Flavours has executed a Business Transfer Agreement (BTA) with Hi-Tech Technologies (HTT) for acquisition of the business undertaking of HTT comprising of Flavours Division for total consideration of Rs 25.11 crore.
S H Kelkar and Company manufactures and sells fragrances, flavours, and aroma chemicals in India. It operates through Fragrances and Flavours segments. The company’s fragrance products and ingredients are used as a raw material in personal wash, fabric care, skin and hair care, fine fragrances, and household products.
