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Titan to acquire additional 27 2% in CaratLane for Rs 4,621 crore to raise stake to 98 28%

CaratLane Trading is an unlisted entity and its turnover in FY23 stood at Rs 2,177 crore. It also operates in the manufacture and sale of jewellery

United statesMithun sachetiTitan watchesTata groupTamilnadu industrial development corporationCompetition commission of indiaLane tradingCompetition commissionManaging directorck venkataramanLane founderManaging director mithun sachetiTitan eye plusNew delhi newsUsiness newsBranded jewelleryHe tata group controlled firm

Caratlane | Titan to acquire additional 27 2 per cent in CaratLane for Rs 4,621 crore to raise stake to 98 28 per cent

The Tata group-managed firm expects acquisition to be completed by October 31, 2023, subject to the timely receipt of requisite regulatory approvals from the Competition Commission of India

United statesMithun sachetiSrinivasa gopalanTitan watchesTamilnadu industrial development corporationTata groupCompetition commission of indiaLane tradingCompetition commissionManaging directorck venkataramanLane founderManaging director mithun sachetiTitan eye plusTata group

Titan Acquires 27 2% More Stake in CaratLane for Rs 4,621 Crore; Control Now Increases To 98 28%

Titan has entered into a share purchase agreement with CaratLane founders and their family members to acquire all the shares held by them representing 27.18 per cent

United statesSrinivasa gopalanMithun sachetiTamilnadu industrial development corporationTata groupCompetition commission of indiaTitan watchesLane tradingCompetition commissionManaging directorck venkataramanLane founderManaging director mithun sachetiTitan eye plus

Titan to acquire additional 27 2% in CaratLane for ₹4,621 crore to raise stake to 98 28%

Titan to acquire additional 27 2% in CaratLane for ₹4,621 crore to raise stake to 98 28%
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

United statesMithun sachetiSrinivasa gopalanTitan watchesTata groupCompetition commission of indiaTamilnadu industrial development corporationLane tradingCompetition commissionLane founderManaging director mithun sachetiTitan eye plus