Camlin Fine To Acquire 51% Stake In Chinese Firm

Mumbai: Camlin Fine Sciences (CFS) said it is acquiring a 51 per cent stake in China-based Ningbo Wanglong Flavors and Fragrances Company Ltd (NWFFCL). "We have entered into a share purchase agreement to acquire 51 per cent 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...," the...