India, July 23 -- Brand acquisitions have become an increasingly common strategy in India's FMCG sector as companies look to strengthen their product portfolios through established brands instead of building new ones from scratch. Continuing this trend, TTK Healthcare Limited has entered into a definitive agreement to divest its well-known EVA and Good Home brands to Wipro Enterprises Private Limited.

Shares of TTK Healthcare Limited were trading at Rs 1,010.35, up by 0.43 percent from the previous close of Rs 1,006. The stock opened at Rs 1,008.9 and reached an intraday high of Rs 1,062.4, with a day's low of Rs 990. The company currently has a market capitalisation of Rs 1,429 crore.

TTK Healthcare Approves Sale of Two Consumer Brands...