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Scottish Widows Investment Fund buy shares worth 22 Cr. in S H Kelkar and Company

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SH Kelkar Logo

S H Kelkar and Co is involved in making and supplying fragrances and flavours. It has around 12.5% market share in the fragrances and flavours industry. In the fragrance industry alone, it has a share of 20.5%, according to a Nielsen study. The company also exports its fragrances and runs three manufacturing plants in India and one in the Netherlands.

Its products and ingredients are used as a raw material in personal washes, fabric care, skin and hair care, fine fragrances and household products. Its flavour products are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. (Download the latest presentation here)
Scottish Widows

Scottish Widows Investment Partnership Multi-Manager ICVC – International Equity Fund purchased 1,010,180 shares representing 0.70% of the share capital. This stake was purchased at an avg. price of Rs. 215/- thereby valuing the deal at Rs. 21.72 Cr.

This is an open-ended equity mutual fund launched by SWIP Multi-Manager Funds Limited. It invests in the public equity markets across the globe excluding United Kingdom. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks, growth oriented value stocks and growth stocks of companies. The fund employs a combination of fundamental and quantitative analysis, to create its portfolio. It benchmarks the performance of its portfolio against the FTSE World ex-UK Index. Scottish Widows Investment Partnership Multi-Manager ICVC – International Equity Fund was formed on October 18, 2004 and is domiciled in United Kingdom.

The fund is co-managed by the following:

MULTI-MANAGER INTERNATIONAL EQUITY FUND

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