The announcement was made after market hours yesterday, 11 April 2016.

Meanwhile, the BSE Sensex was up 27.27 points, or 0.11%, to 25,049.43 .

On BSE, so far 874 shares were traded in the counter, compared with an average volume of 671 shares in the past one quarter. The stock hit a high of Rs 4,696.50 and a low of Rs 4,420 so far during the day. The stock hit a record high of Rs 4,970.95 on 29 December 2015. The stock hit a 52-week low of Rs 3,520.70 on 24 August 2015. The stock had outperformed the market over the past one month till 11 April 2016, rising 4.13% compared with 1.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.73% as against Sensex's 0.79% rise. .

The mid-cap company has an equity capital of Rs 11.64 crore. Face value per share is Rs 10.

TTK Prestige announced that its wholly owned UK subsidiary TTK British Holdings entered into an agreement for acquisition of branded kitchenware business in UK (target). The target is a branded player with a century old existence, TTK Prestige said. The names of the brands involved will be shared on completion of acquisition, it added. The target has experienced marketing, sales and distribution strengths, TTK Prestige said. The target does not have any manufacturing base but outsources all of its requirements from third party manufacturers, TTK Prestige said. The target company has sales of 18 million GBP per annum with double-digit earnings before interest, taxation, depreciation and amortization (EBITDA) margin, TTK Prestige said. This business offers potential for a long-term global presence for TTK Prestige in UK and Europe through its subsidiary, the company said. TTK Prestige, over the medium term, plans to leverage its domestic manufacturing capacities to cater to these branded segments, it said. The consolidated financials are expected to result in superior turnover, profits and return on capital employed (ROCE) for TTK Prestige, the company said in a statement.

Net profit of TTK Prestige rose 32.57% to Rs 37.20 crore on 16.70% rise in net sales to Rs 447.83 crore in Q3 December 2015 over Q3 December 2014.

TTK Prestige makes kitchen appliances under the Prestige brand.