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

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

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%

C

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.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

PB Fintech| According to recent reports from CNBC-TV18 on 5 March 2026, PB Fintech, the parent company of Policybazaar and Paisabazaar, is in focus due to a major block deal. The company’s co-founders, Yashish Dahiya and Alok Bansal, are reportedly reducing their holdings, selling approximately 1.1% stake (around 50.5 lakh shares) at a floor price of ₹1,445–₹1,450 per share. The likely buyers include institutional investors such as FPIs and domestic mutual funds.

Tencent Cloud Sells ₹695 Cr PB Fintech Stake; Q3 Profit Jumps 166% to ₹189 Cr

Bulk Deals on March 12

Smallcap World Fund Boosts Shaily Engineering Stake by 2% for Rs 177 Cr

इलेक्ट्रिक व्हीकल बनाने वाली ओला इलेक्ट्रिक का दिसंबर तिमाही में कंसोलिडेटेड नेट लॉस ₹487 करोड़ रहा।

14 Stocks to Watch on Feb 16: Strong Gains Expected from Quarterly Results, Deals

कुछ चुनिंदा शेयरों में तीसरी तिमाही में एफआईआई और डीआईआई ने पैसा लगाया है.

FIIs, DIIs Flock to These 5 Stocks: Mphasis, Ratnaveer, Swiggy, RBL, Utkarsh SFB

Shakti Pumps Q3 Profit Plunges 70% Amid Maharashtra Slowdown, Soaring Costs

Shakti Pumps Q3 Profit Plunges 70% Amid Maharashtra Slowdown, Soaring Costs

Kfin Tech share price, Kfin Tech stock, Kfin Tech shares, Kfin Tech, Kfin Tech Q3, Kfin Tech Q3 results, Kfin Tech Q3 earnings, Kfin Tech brokerage, Kfin Tech rating, Kfin Tech target price, Kfin Tech price target, Kfin Tech buy or sell, buy or sell Kfin Tech, Kfin tech rating, Kfin tech target price, Kfin tech price target, brokerage calls, jefferies, jefferies on Kfin Tech,

Kfin Tech Shares Soar 5% on Jefferies' 34% Upside Forecast Post-Q3 Results