TTK Healthcare soars 9.5% on buzz of TTK-LIG merging with it

Shares of TTK Healthcare rose 9.5% to Rs 438.80 on Monday on speculation that the company is planning to merge TTK-LIG into itself. This month, TTK Healthcare bought the entire stake of the foreign collaborator of TTK-LIG, thereby taking full control of the maker of Kohinoor and Durex condoms. When contacted, the company spokesperson denied any knowledge of the proposal. Nearly 1.10 lakh shares traded on BSE against an average volume of 16 thousand shares in the past five trading sessions.