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Titan to acquire additional 27.2% in CaratLane for Rs 4,621 crore to raise stake to 98.28%

CaratLane Trading is an unlisted entity and its turnover in FY23 stood at Rs 2,177 crore. It also operates in the manufacture and sale of jewellery

Caratlane | Titan to acquire additional 27.2 per cent in CaratLane for Rs 4,621 crore to raise stake to 98.28 per cent

The Tata group-managed firm expects acquisition to be completed by October 31, 2023, subject to the timely receipt of requisite regulatory approvals from the Competition Commission of India

Titan Acquires 27.2% More Stake in CaratLane for Rs 4,621 Crore; Control Now Increases To 98.28%

Titan has entered into a share purchase agreement with CaratLane founders and their family members to acquire all the shares held by them representing 27.18 per cent

Titan to acquire additional 27.2 pc in CaratLane for Rs 4,621 cr to raise stake to 98.28 pc

Titan Q3 results: Net profit declines 11% to Rs 419 cr, revenue up 18%

Titan Q3 results: Net profit declines 11% to Rs 419 cr, revenue up 18% The company s total income rose 18 per cent to Rs 7,324 crore during December quarter, while EBITDA rose 19 per cent to Rs 896 crore. BusinessToday.In | February 10, 2021 | Updated 20:22 IST Titan s revenue from jewellery segment rose 16 per cent to Rs 6,249 crore during the quarter, while that from watches segment declined 12 per cent to Rs 550 crore. Titan Company Ltd on Wednesday reported 11 per cent year-on-year decline in net profit at Rs 419 crore for October-December quarter, hit by a one-time provision. The company s total income rose 18 per cent to Rs 7,324 crore during December quarter, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19 per cent to Rs 896 crore.