Titan increases stake in CaratLane to 98.28%, share prices up by 1%.
Swipe for more >>
Titan signs an agreement to acquire a 27.18% stake in CaratLane for Rs. 4,621 Crore.
Titan first invested in CaratLane in 2016 with a 62% stake for Rs. 357.24 Crore.
Analysts see potential in CaratLane's revenue and margin growth, boosting Titan's medium-term prospects post the transaction.
Titan aims to solidify its market presence, targeting organized jewellery dominance, especially in the e-commerce space.