India's S H Kelkar rises on acquiring PFW Aroma Ingredients

BCM Resources

31/01/2023 06:18

** Shares of S H Kelkar and Co Ltd  SHKE.NS  rise as much as
2.5% to 143 rupees, their sharpest intraday jump since Jan. 2
    ** The fragrance and flavors maker said its unit Keva Europe
B.V bought chemical products manufacturer PFW Aroma Ingredients
B.V from Keva UK
    ** Deal via acquisition of 18,400 PFW shares worth up to
5.38 mln euros ($5.83 mln)
    ** Stock down 2% YTD as of last close
 
 ($1 = 0.9228 euros)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))