TTK Prestige Shares Jump 5% On Acquisition of Horwood, UK

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Shares in kitchenware company, TTK Prestige jumped as much as 5 per cent on the BSE, after the company said that its subsidiary, TTK British Holdings Ltd had acquired Horwood Homewares Ltd.

TTK Prestige Shares Jump 5% On Acquisition of Horwood, UK
TTK Prestige: Quotes, News
BSE 5200.00BSE Quote145.5 (2.80%)
NSE 5156.95NSE Quote78.8 (1.53%)
Horwood Homewares owns the prestigious brands like Judge, Stellar, Horwood and Kaffman.

"The business offers potential for a long-term presence of TTK Prestige in UK and Europe through its subsidiary," TTK said adding that it has "plans to leverage its domestic manufacturing capacity to cater these branded segments".

The stock of TTK Prestige was last trading at Rs 4590 on the Bombay Stock Exchange.

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