Brief: S H Kelkar and Company buys Rasiklal Hemani Agencies Pvt Ltd

S H Kelkar And

05/04/2016 11:47

April 5 (Reuters) - S H Kelkar And Company Ltd  SHKE.NS : 
 * S H Kelkar and company-acquisition of Rasiklal Hemani Agencies Pvt and 
   business undertaking of Hi-Tech Technologies comprising of flavours division 
 
 * Source text: S H Kelkar and Company Ltd has informed BSE that : 
 
- On April 02, 2016, the Company has executed Share Purchase Agreement for acquisition of 100% share capital of RHAPL for total consideration of Rs. 28.17 Cr. Further, an amount of Rs. 5 Cr was paid by way of Goodwill. 
 
- On April 02, 2016, Keva Flavours Pvt. Ltd., subsidiary of the Company has executed a Business Transfer Agreement with HTT for acquisition of the Business Undertaking of HTT comprising of Flavours Division for total consideration of Rs 25.11 Cr. 
 
 * Further company coverage  SHKE.NS   
 
  ((Bengaluru Newsroom; +91 80 6749 1130))