BRIEF-Ttk Prestige Unit Entering Buys Business Of UK's Ecolife International

  • Reuters
  • Stock Market News
BRIEF-Ttk Prestige Unit Entering Buys Business Of UK's Ecolife International
Credit: © Reuters.

Aug 30 (Reuters) - TTK Prestige Ltd TTKL.NS :

* ENTERING INTO DEFINITIVE AGREEMENTS FOR ACQUISITION OF OTHE BUSINESS OF ECOLIFE INTERNATIONAL PTY LIMITED

* COMPLETION OF LEGAL FORMALITIES, CO'S UNIT HORWOOD WILL OWN 51% OF A NEW SUBSIDIARY WHICH WILL HOUSE THE ECOLIFE BUSINESS

* WILL PARTICIPATE IN THIS ACQUISITION BY INVESTING THROUGH ITS 100% UK SUBSIDIARY TTK BRITISH HOLDINGS LIMITED

* INITIAL CAPITAL CONTRIBUTION BY TTK PRESTIGE WILL BE IN THE REGION OF GBP 1.25 MILLION

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