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S H Kelkar and Company invests in Keva Europe BV; Stock dips 1.5%

15 Sep 2022 , 11:18 AM

S H Kelkar and Company Limited has informed to the exchanges regarding equity investment in Keva Europe BV.

As per the filing, the company has made an investment of Euro 49,99,998.06 in Keva Europe BV, a wholly owned subsidiary by way of contribution to the equity capital of Keva Europe BV by subscribing to 24,15,458 ordinary Equity shares with nominal value of EUR 1 each of Keva Europe BV at EUR 2.07 per share.

“Requisite consents and approvals with respect to the said investment has been obtained”, the company said in a filing.

At around 11:18 AM, S H Kelkar & Company Ltd is currently trading at Rs155.25 per share down by Rs2.45 or 1.55% from its previous closing of Rs157.70 per share on the BSE.

The Company is an India-based fragrance and flavors manufacturing company. The Company is engaged in the manufacturing, supplying and exporting of fragrances and aroma ingredients, which is made of organic and inorganic chemical compounds.

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