TTK Prestige of ₹200 crores approved by the board of directors at the meeting was held on August 2, 2024. TTK Prestige will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹1200 per Equity Share and for an aggregate amount not exceeding ₹200 crores from the shareholders. Check out TTK Prestige Buyback 2024 details below:
With over 60 years of experience, TTK Prestige prioritizes its customers’ needs and leads the industry in developing innovative kitchen and home products. TTK Prestige is the industry leader in knowledge, innovation, trust, and transparency. Their innovative facilities use sustainable practices such as zero waste discharge to produce high-quality products. Prestige is India’s most trusted brand due to its commitment to innovation and over 60 years of experience. TTK Prestige provides an encouraging environment in which employees may grow and come up with new ideas, constantly transforming the modern Indian kitchen.
TTK Prestige History
- N/A
TTK Prestige Buyback 2024 Dates
| Buyback Meeting Date: | August 2, 2024 |
| Buyback Announcement Date: | August 2, 2024 |
| Buyback Record Date: | August 14, 2024 |
| Last Date to Buy Shares: | August 12, 2024 |
| Buyback Open Date: | 2024 |
| Buyback Close Date: | 2024 |
| Finalization of Buyback Acceptance: | 2024 |
TTK Prestige Buyback 2024 Offer Details
TTK Prestige of 1,666,667 equity shares at a price of ₹1200 per equity share. The buyback offers not to exceed ₹200 crores of the total buyback offer size.
| Offer Amount: | ₹200 Crores |
| Number of Shares: | 1,666,667 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹1200 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
TTK Prestige Buyback 2024 Acceptance Ratio
The investor should buy around 167 shares at a current market price of ₹955 (as of date). The calculation will be ₹2,00,000 / ₹1200 buyback price = 167 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹166499 | 55 | ₹11165 |
| 50% | ₹166499 | 83 | ₹16849 |
| 75% | ₹166499 | 125 | ₹25375 |
| 100% | ₹166499 | 167 | ₹33901 |
TTK Prestige Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹2,567.13 | ₹2,171.61 | ₹293.65 |
| 2023 | ₹2,668.57 | ₹2,319.05 | ₹260.16 |
| 2024 | ₹2,575.85 | ₹2,257.67 | ₹238.81 |
How to Participate in TTK Prestige Buyback 2024
The investors are eligible for the buyback scheme who have TTK Prestige shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the TTK Prestige Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the TTK Prestigeepted shares by the company under the TTK Prestige scheme.
TTK Prestige Buyback 2024 Registrar
To be updated soon
TTK Prestige Buyback 2024 Lead Managers
- To be updated soon
TTK Prestige Company Address
TTK Prestige Limited
Plot No. 38
SIPCOT Industrial Complex
Hosur – 635126
Phone: +91 80 2217 743
Email: [email protected]
Website: https://ttkprestige.com/
How to Apply the TTK Prestige through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “TTK Prestige”. Click on Place Order. Enter your Quantity and submit TTK Prestige Application Form.
How to Apply the TTK Prestige through Upstox?
Log in to Upstox Application with your credentials. Select the TTK Prestige. You will see the Company Name “TTK Prestige”. Click on TTK Prestige Stock for Buyback. Enter your Quantity and submit TTK Prestige Application Form.
How to Apply the TTK Prestige through TTK Prestige Paytm Money?
Log in to Paytm Money Application with your credentials. Select the TTK Prestige. Enter your Quantity and submit TTK Prestige Application Form.
