SH Kelkar Sells 17% Stake in CFF Keva Italy to Keva Italy for €12.5 Million

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SH Kelkar to Sell 17% Stake in CFF Keva Italy for €12.5M; Shares Drop 6%

SH Kelkar to Sell 17% Stake in CFF Keva Italy for €12.5M; Shares Drop 6%

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CNBC TV18•13-03-2026, 20:52

SH Kelkar to Sell 17% Stake in CFF Keva Italy for €12.5M; Shares Drop 6%

•Fragrance maker SH Kelkar and Company Ltd will sell its entire 17% equity stake in CFF Keva Italy SpA.
•The stake will be sold to Keva Italy Srl, a wholly-owned subsidiary of Keva Europe BV, for up to €12.5 million (approx ₹112.5 crore).
•The transaction aims to streamline the Keva Group structure, making CFF a wholly-owned subsidiary of Keva Italy by September 30, 2026.
•CFF's operations contributed significantly to SH Kelkar's FY25 consolidated revenue (16.86%) and total income (16.74%).
•Following the announcement, SH Kelkar shares dropped by 6.23% on the BSE.

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