TTK Prestige Limited (BSE:517506) agreed to acquire 51% in Ultrafresh Modular Solutions Limited on November 25, 2021. In related transaction TTK Prestige will acquire unknown stake as primary acquisition. Consideration for both acquisition will be INR 300 million which will give stake of 51%.

In Financial Year ended March 31, 2021, Ultrafresh generated revenue of INR 120 million. Transaction is expected to close on or before January 31, 2022. As of June 27, 2022.

TTK Prestige Limited (BSE:517506) has acquired 40% stake in Ultrafresh Modular Solutions Limited for INR 200 million where as remaining 11% will be acquired after paying INR 100 million.