Global fund manager Cartica has acquired total 5.6 per cent stake in home appliances manufacturer TTK Prestige for around Rs. 230 crore ($41 million) in two transactions..Cartica has picked up additional 3.08 per cent stake for Rs. 124.25 crore from promoters of the company after picking up 2.6 per cent stake through a preferential allotment for Rs. 106.5 crore..S&R Associates advised Cartica with a team led by Partner Sandip Bhagat..Khaitan & Co advised TTK with a team led by Partner Murali Neelakantan..This is the largest private equity investment in home appliances business, according to VCCircle.
Global fund manager Cartica has acquired total 5.6 per cent stake in home appliances manufacturer TTK Prestige for around Rs. 230 crore ($41 million) in two transactions..Cartica has picked up additional 3.08 per cent stake for Rs. 124.25 crore from promoters of the company after picking up 2.6 per cent stake through a preferential allotment for Rs. 106.5 crore..S&R Associates advised Cartica with a team led by Partner Sandip Bhagat..Khaitan & Co advised TTK with a team led by Partner Murali Neelakantan..This is the largest private equity investment in home appliances business, according to VCCircle.
