Titan Company Ltd.

Titan Company has received an approval from the Competition Commission of India (CCI) for acquisition of additional shareholding in CaratLane Trading (CaratLane).

The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane (a subsidiary of Titan), on a fully diluted basis, from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti.

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