Hi Kiran,
There’s no clarity as to what the market share nos. are based on but I presume its based on sales because of something Mr. Kedar Vaze mentioned,he said International players in Indian F&F industry mainly sell to Indian and regional (Asia and Middle East) subsidiaries of their international customers and barring these sales S.H. Kelkar’s market share in fragrances stands at around 40%.
Regarding convertible pref. shares,I’ve no clarity. Will ask some friends in institutions to find out if possible.
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