Cartica Capital Sells a 1.4 Percent Stake in TTK Prestige to Nalanda Capital (Asia)
Source: Bombay Stock Exchange, VCCircle | Author(s): Bhawna Gupta
Emerging markets-focused alternative asset manager Cartica Capital has sold a 1.4 percent stake in India-based kitchen appliance manufacturer TTK Prestige to India-focused public markets investment manager Nalanda Capital. The secondary sale totaled INR483 million (approximately US$7.8 million). Cartica’s remaining 1.5 percent stake is reportedly worth around INR530 million (approximately US$8.6 million), while Nalanda now holds a three percent stake in the company. Cartica originally invested in the company in June 2013, and previously completed a partial exit through a share sale in December 2014.