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Titan Company to acquire 62% stake in Carat Lane

15 Jul 2016 Evaluate

Titan Company is acquiring 62% stake in online jewellery chain CaratLane Trading in a cash deal amounting to Rs 357.24 crore. The company, which had announced the deal in May this year, has signed a share purchase agreement for the same. The acquisition is expected to be completed within 14 business days subject to completion of pre-closing conditions. Number of shares to be acquired is 19,142,545 representing 62 percent of the company's (Carat Lane) share capital.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Co Share Price

4513.40 204.90 (4.76%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4513.40
Kalyan Jewell.India 424.65
Rajesh Exports 121.80
Senco Gold 365.45
Thangamayil Jeweller 4247.70
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