Cartica Capital Partially Exits Kitchen Appliance Manufacturer TTK Prestige (Asia)

Source: VCCircle | Author(s): Anuradha Verma

Emerging markets-focused alternative asset manager Cartica Capital has partially exited India-based kitchen appliances manufacturer TTK Prestige for INR465 million (approximately US$7.5 million). Cartica’s remaining 5.7 percent stake is worth around INR2.5 billion (approximately US$40 million). Cartica originally invested in the company in June 2013.