The company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sacheti’s 27.18% stake in CaratLane, Titan will hold a 98.28% stake in the company.
Caratlane: Watchmaker Titan ascribed a valuation of Rs 17,000 crore to the omnichannel retailer, an over 30-fold jump from when it first invested in the Chennai-based company seven years ago.
americans have gotten of rudy giuliani totally detached from reality. this to me, is the button to that rise and fall that we talk about over giuliani s public life. - did you all watch my cousin vinny? you know, the movie? it s one of my favorite law movies, because he comes from brooklyn. - i don t like to mock people or anything like that. i actually do remember thinking in that moment, why is his family letting him do this? - i prosecuted some of the most dangerous criminals in the world. i know crimes. i can smell them. - this is a man who is a student of american history, who could have given you lectures about our democracy and the need for a peaceful transfer of power. - you know, we use largely venezuelan voting machine in essence to count our vote.
The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the second largest exit for an ecommerce founder in India after Flipkart founders Sachin Bansal and Binny Bansal sold their stakes to Walmart.