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Provider: Motilal Oswal Securities Ltd.

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TTK Prestige Ltd Announces Issue Of Shares To Cartica Capital Ltd

Friday, 31 May 2013 06:51am EDT 

TTK Prestige Ltd announced that the Board of Directors of the Company at its meeting held on May 31, 2013, has decided that subject to the approval of shareholders and other applicable regulatory clearances, 300,000 (three lakhs) equity shares of INR10 each be issued to Cartica Capital Ltd, a Mauritius domiciled Company, at a premium of INR3540 per share aggregating to INR106.5 crores (INR1.065 billion) on a preferential basis. 

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