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TTK Prestige’s arm entering into agreements for acquisition of Ecolife International Pty

30 Aug 2019

TTK Prestige’s wholly owned subsidiary -- Horwood Homewares is entering into definitive agreements for acquisition of the business of Ecolife International Pty, an Australian outfit trading under the brand EcoSoullife. On completion of legal formalities Horwood will own 51% of a new subsidiary which will house the Ecolife business.

Horwood has recently developed trade relationship with Ecolife and has been sourcing specific products in Horwood's brand SMIDGE. These products have attracted good response in key global markets - UK and USA.

TTK Prestige is the leading manufacturer of Pressure cookers in India and offers the most comprehensive range of kitchenware in the world. One of the greatest recent achievements for Prestige is their entry into the non-south market.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323