Divestment1 Oct 2026, 06:00 pm
TTK Prestige Sells 51% Stake in Ultrafresh Modular Solutions
AI Summary
TTK Prestige Ltd has completed the sale of its 51% stake in its subsidiary, Ultrafresh Modular Solutions Limited, to EFC (I) Limited. The transaction, finalized on August 13, 2026, involved TTK Prestige receiving 10,20,038 Equity Shares of ₹2 each in EFC (I) Limited as consideration. Following this sale, Ultrafresh Modular Solutions Limited is no longer a subsidiary of TTK Prestige Ltd. This divestment marks a strategic shift for TTK Prestige, reducing its exposure to this particular subsidiary.
Key Highlights
- TTK Prestige divests its entire 51% holding in Ultrafresh Modular Solutions.
- Consideration received in the form of equity shares of EFC (I) Limited.
- Ultrafresh Modular Solutions ceases to be a subsidiary of TTK Prestige.
- Transaction closing confirmed on August 13, 2026.
Price Impact
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