Titan Company is all set to purchase balance 1,19,489 equity shares held by the individual shareholders of CaratLane Trading (CaratLane) representing 0.36% of the total paid-up equity share capital of face value of Rs 2 each of CaratLane. The purchase transaction would be completed on fulfilment of other closing conditions.
The Company currently holds 99.64% of the total equity share capital of CaratLane. The proposed purchase of shares would further increase the Company’s stake in CaratLane to 100%, thereby making CaratLane a Wholly Owned Subsidiary of the Company. The indicative time period for completion of the transaction would be March 31, 2024.
Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.
| Company Name | CMP |
|---|---|
| Titan Co | 4461.30 |
| Kalyan Jewell.India | 440.15 |
| Rajesh Exports | 126.70 |
| Senco Gold | 325.00 |
| Thangamayil Jeweller | 4277.90 |
| View more.. | |
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