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TTK Prestige trades jubilantly on acquiring 100% stake in Horwood

12 Apr 2016 Evaluate

TTK Prestige is currently trading at Rs. 4631.25, up by 272.30 points or 6.25% from its previous closing of Rs. 4358.95 on the BSE.

The scrip opened at Rs. 4560.00 and has touched a high and low of Rs. 4696.50 and Rs. 4420.00 respectively. So far 1345 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4970.95 on 29-Dec-2015 and a 52 week low of Rs. 3520.70 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 4696.50 and Rs. 4230.00 respectively. The current market cap of the company is Rs. 5073.99 crore.

The promoters holding in the company stood at 70.37% while Institutions and Non-Institutions held 21.84% and 7.79% respectively.

TTK Prestige, through its wholly owned subsidiary TTK British Holdings has acquired 100% of the equity shares of Silampos UK. Through this transaction, the TTK Prestige acquired 100% of the equity and business of Horwood Homewares (Horwood), a subsidiary of Silampos UK. It is one of the largest table and cookware suppliers in the UK. It is a leading brand owner and distributor of international brands supplying over 2,000 table and cookware products across key European markets.

KPMG Corporate Finance acted as the exclusive transaction advisor to TTK Prestige and Temple Bright LLP was the legal advisors. Inga Capital provided valuation advisory to TTK Prestige. Smith & Williamson Corporate Finance acted as lead advisors to Horwood, with Ashfords LLP acting as legal advisors.

TTK Prestige is India's largest kitchen appliances company and is one of the Top 500 listed entities in India with a market cap of half-a-billion GBP. TTK Prestige has 10 factories, 23 warehouses, multiple Innovation Centres and caters to 50,000 retailers across India. The company has an international presence through OE supplies to UK, Europe, USA, Middle East, Africa, South East, Asia, Australia and New Zealand.

 

TTK Prestige Share Price

494.95 12.70 (2.63%)
17-Apr-2026 16:59 View Price Chart
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