S H Kelkar & Company rises as its arm acquires entire stake in PFW

by

S H Kelkar & Company is currently trading at Rs. 140.60, up by 0.85 points or 0.61% from its previous closing of Rs. 139.75 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 142.60 and Rs. 140.50 respectively. So far 3863 shares were traded on the counter.

You Can Also Read This  Tata Power wins ‘Par-Excellence’, ‘Excellent’ award at NCQC 2018

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 166.50 on 22-Apr-2022 and a 52 week low of Rs. 119.00 on 13-Jul-2022.

Last one week high and low of the scrip stood at Rs. 142.60 and Rs. 139.15 respectively. The current market cap of the company is Rs. 1951.73 crore.

You Can Also Read This  Jeera futures trade marginally down on poor export demand

The promoters holding in the company stood at 58.46%, while Institutions and Non-Institutions held 13.01% and 28.52% respectively.

S H Kelkar & Company’s wholly owned subsidiary — Keva Europe B.V has acquired 100% equity stake of PFW Aroma Ingredients B.V (PFW) from Keva UK. The company has acquired 18,400 shares around to euro 53,83,000 of PFW. The purchase price of the shares shall be converted into a debt of the purchaser towards the seller.

You Can Also Read This  Williamson Magor & Company raises Rs 100 crore on private placement basis

S H Kelkar & Company is focused on its core business of manufacture supply and exports of fragrances flavours and aroma ingredients that are used in the food beverage personal care or household product industries.