Camlin Fine Sciences (CFS) is going to acquire 51 percent stake in China based Ningbo Wanglong Flavors and Fragrances Company Ltd (NWFFCL).

The company has said in a statement that “We have entered into a share purchase agreement to acquire 51 percent stake in an entity in China. The acquisition is subject to RBI approval and expected to be completed on or before June 30 next year and cost of proposed acquisition will be disclosed after the completion.”

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