S H Kelkar & Company provides update on acquisition of GFPL's flavours division

Keva Flavours executed business transfer agreement with GFPL

With reference to the acquisition of Business Undertaking of Gujarat Flavours (GFPL) comprising of Flavours Division, S H Kelkar & Company announced that on 26 October 2016, Keva Flavours, subsidiary of the Company, has executed a Business Transfer Agreement ("BTA") with GFPL for acquisition of the Business Undertaking of GFPL comprising of Flavours Division with effect from the Closing Date i.e. a day no later than 01 December 2016 or such other date as may be agreed between the parties to the BTA.

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