TTK Prestige Limited Enters Agreement to Sell 51% Stake in Ultrafresh Modular Solutions
TTK Prestige Limited has entered into a Share Acquisition Agreement with EFC (I) Limited for the sale of its controlling stake in M/s Ultrafresh Modular Solutions Limited. The agreement involves selling all of TTK Prestige’s interest and that of other shareholders in the 51% subsidiary, Ultrafresh.The transaction details confirm that the sale consideration is set at Rs. 27.54 Crores for the company's 51% holding in Ultrafresh. The acquisition involves a share swap mechanism with shares from EFC (I) Limited, determined based on an independent valuation report and as per the Share Acquisition Agreement.
EFC (I) Limited is the buyer. The company, which is publicly listed on both the BSE Limited and National Stock Exchange of India Limited, operates in Managed Office Solutions, Design & Build (D&B) Turnkey Solutions, and Furniture Manufacturing. EFC (I) Limited's registered office is located in Pune, Maharashtra, and it is not part of the promoter group of TTK Prestige Limited.
The transaction structure and financial specifics of Ultrafresh during the last financial year are detailed below:
| Metric | Value |
|---|---|
| Subsidiary Name | Ultrafresh Modular Solutions Limited (51% Stake) |
| Agreed Sale Consideration for 51% stake | Rs. 27.54 Crores |
| Transaction Type | Share Swap |
| Completion Date | On or before October 31, 2026 |
Financial Snapshot of Ultrafresh and the Acquisition Details
The acquisition agreement also provided specific financial metrics regarding the subsidiary's contribution to TTK Prestige Limited.Key aspects related to the transaction include:
- Subsidiary Turnover: Ultrafresh contributed a turnover of Rs. 36.3 Crores, which constituted 1.2% of the consolidated turnover of the company for the financial year 2025-26.
- Net Worth: The Net Worth of Ultrafresh was recorded at Rs. (16.66) Crores, representing 0.8% of the consolidated net worth of the Company as of March 31, 2026.
The transaction falls outside a Scheme of Arrangement through this Share Acquisition Agreement.
TTKPRESTIG Stock Price Movement
Today, TTK Prestige Limited shares edged higher in post-market trading, closing near ₹597.1 after gaining 1.84%. The stock saw a tight day for buyers, recording a volume of 49,802 shares within an intraday range that stretched from a low of ₹584.2 to a high of ₹598.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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