Joint Venture13 Mar 2026, 06:38 pm
S H Kelkar and Company Ltd to Sell 17% Stake in CFF Keva Italy S.p.A. to Keva Italy Srl
AI Summary
S H Kelkar and Company Ltd has approved the sale of its entire 17% equity stake in CFF Keva Italy S.p.A., a subsidiary of Keva Italy Srl, to Keva Italy Srl. This move aims to streamline the Keva Group structure by ensuring that all European Group Companies are fully owned through Keva Europe BV, a wholly owned subsidiary of the Company. The transaction is expected to be completed by September 30, 2026, with a potential consideration of up to Euro 12.5 Million. Keva Italy is not a part of the Promoter/Promoter Group/Group Companies.
Key Highlights
- S H Kelkar and Company Ltd to sell its entire 17% equity stake in CFF Keva Italy S.p.A.
- Transaction aimed at streamlining Keva Group structure.
- Expected completion date of the transaction is by September 30, 2026.
- Potential consideration of up to Euro 12.5 Million.
- Keva Italy is not a part of the Promoter/Promoter Group/Group Companies.