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Private Equity | 3 September 2012

Blackstone Invests In SH Kelkar

by Sushil Surana
Blackstone Invests In SH Kelkar
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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 Services was the advisor for the transaction.

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