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S H Kelkar inches up on acquiring balance 49% stake in Creative Flavours and Fragrances

29 Jul 2020 Evaluate

SH Kelkar & Company is currently trading at Rs. 74.30, up by 0.10 points or 0.13% from its previous closing of Rs. 74.20 on the BSE.

The scrip opened at Rs. 74.10 and has touched a high and low of Rs. 75.65 and Rs. 73.80 respectively. So far 12773 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.95 on 24-Oct-2019 and a 52 week low of Rs. 47.60 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 79.70 and Rs. 72.35 respectively. The current market cap of the company is Rs. 1048.60 crore.

The promoters holding in the company stood at 59.98%, while Institutions and Non-Institutions held 11.78% and 28.23% respectively.

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 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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