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S H Kelkar acquires balance 49% stake in Creative Flavours and Fragrances

29 Jul 2020 Evaluate

S H Kelkar and Company, through its Italian subsidiary -- Keva Italy Srl, has completed acquisition of balance 49% equity stake in Creative Flavours and Fragrances S.p.A. (CFF) at a consideration of Euros 16 Million. Incorporated in year 2000, CFF is a leading fragrance company in Italy. CFF has presence throughout Europe. The acquisition would enable broadening of the group’s fragrance business.

S H Kelkar and Company is a fragrance manufacturer in India. The company operates in two segments: Fragrances, which manufactures/trades in Fragrances and aroma ingredients for Fragrances, and Flavours, which manufactures/trades in Flavors.

Peers
Company Name CMP
Godrej Industries 1122.85
SRF 2475.00
BASF India 2936.75
Pidilite Inds. 1528.00
Tata Chemicals 605.55
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