-54.95 (-1.31%) Titan Industries has received an approval from the High Court of Madras in connection with the scheme of amalgamation of the company's subsidiary viz., Titan Properties with Titan Industries. With this, the scheme of amalgamation of the domestic subsidiary Titan Properties with Titan Industries is complete and implemented.
Titan Industries is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.