Emerging markets-focused investment firm Cartica Capital sold 1.04 per cent stake or 1.21 lakh shares in TTK Prestige for about Rs.46.50 crore in two separate transactions through the open market route.
Cartica sold 61,000 shares (as per bulk deal data on BSE) and further 60,000 shares (as per bulk deal data on NSE). It sold the shares at Rs.3,840 per share. The information on the buyers was not available.
Prior to the transaction, Cartica had a 6.68 per cent stake in TTK Prestige and was the largest public institutional shareholder. In 2013, Cartica had bought the stakes through a preferential allotment of shares and then through an open market purchase of shares from the promoters at Rs.3,550 a share.
