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 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 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
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.