Titan Company Ltd.

Titan Company’s wholly-owned subsidiary -- TCL North America Inc ((TCLNA) has signed Stock Purchase agreement with Great Heights, USA (Great Heights) for subscription of shares with voting preferred stock in the capital stock of Great Heights, which would result in TCLNA holding up to 17.5% voting rights in Great Heights.

This is a strategic investment that will provide Titan a ring-side view of the fast-growing Lab Grown Diamond (LGD) and Direct to Consumer (D2C) sectors. Great Heights retails LGD jewellery through its brand ‘Clean Origin’. Cost of acquisition is $20 million.

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