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

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Capital Market

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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First Published: Oct 27 2016 | 1:52 PM IST

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