SH Kelkar hits 52-week high on Anhui acquisition, advances 50% in four days

On August 1, 2018, S H Kelkar had acquired 66.7 per cent stake in Anhui for Rs 26.55 crore

Shares of S H Kelkar and Company moved higher by 14 per cent to Rs 138.35 on the BSE in the intra-day trade on Tuesday after the company, through Keva Singapore, completed acquisition of remaining 23.3 per cent equity stake in Anhui Ruibang Aroma Company (Anhui).

Headquartered in Fuyang, Anhui is a leading aroma ingredient company in China having tonalid manufacturing facility. During the financial year 2019-20, Anhui registered an operating revenue of Rs 34.92 crore and a profit after tax of Rs 0.51 crore.

On August 1, 2018, S H Kelkar had acquired 66.7 per cent stake in Anhui