Announced Thu, 23 Jul · 12:53 IST
TTK Healthcare to sell EVA and Good Home brands to Wipro for Rs 256 cr
TTKHLTCARE · price
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Price reaction · full curve 14 horizons · vs prior close
+4.2%1-day move
₹1005.50
prior close
₹996.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+6.0+3.6—+4.2+6.6————————
Up moveDown movePending
AI summary
TTK Healthcare board approved sale of its EVA and Good Home brands to Wipro Enterprises Private Limited for Rs 256 crores plus GST. These brands contributed around Rs 148 crores revenue (about 17 percent of total turnover) in FY 2025-26. Closing is expected by September 30, 2026, subject to customary conditions. Buyer is not from promoter group and the deal is not a related party transaction.
Likely market impact
Divests 17 percent of revenue base. Rs 256 cr proceeds may strengthen balance sheet and allow focus on core healthcare business. Watch for closing by September 2026.