Blackstone has invested R243 Cr in SH Kelkar & Company, manufacturer of specialty fragrance and flavour ingredients for 33% stake in the company.
The Company aims to consolidate its position in India as well as expand its presence in the global markets.
As a part of the deal, Blackstone will nominate two representatives to the SHK board while the Vaze family will have three representations.@Keynote_Corporate
was the advisor for the transaction.