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Titan to buy ₹60-cr CaratLane shares to make it wholly-owned arm
short by Mansi Agarwal / on Tuesday, 27 February, 2024
Titan on Tuesday announced it will buy the remaining 0.36% stake in CaratLane for ₹60.08 crore to make the jewellery brand its wholly-owned subsidiary. In 2023, the Titan Group company bought CaratLane's shares worth ₹4,621 crore from its Co-founder Mithun Sacheti and his family members. The latest transaction is expected to be completed by March 31.
read more at Moneycontrol