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Shares of S H Kelkar and Company (SHK) zoomed 19 per cent to Rs 182 on the BSE in Tuesday’s intra-day trade after 10 per cent of the total equity of the personal products company changed hands via block deals. The stock is trading close to its 52-week high level of Rs 189.80, touched on July 5, 2021.
In the morning, around 14.12 million equity shares, representing 9.99 per cent of the total equity of S H Kelkar and Company, changed hands on the BSE, the exchange data shows. The names of the buyers and sellers are not ascertained immediately.
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As of September 30, 2021, Blackstone Capital Partners (Singapore) held 14.43 million shares or a 10.22 per cent stake in SHK. While, foreign promoter KNP Industries Pte Limited had a 15.23 million or 10.78 per cent stake in the company, the shareholding pattern data shows.
SHK is the largest Indian-origin Fragrance and Flavour company in India. The company offers products under SHK, Cobra and Keva brands.
Stock Covered in the news
