Corporate Announcement
Security Code : 539450    Company : SHK    
 
Acquisition of Rasiklal Hemani Agencies Pvt Ltd (RHAPL) and Business Undertaking of Hi-Tech Technologies comprising of Flavours Division (HTT) 
  Exchange Disseminated Time     05/04/2016 16:15:55
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.
 

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