Titan Boosts CaratLane Stake

Titan increases stake in CaratLane to 98.28%, share prices up by 1%.

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Strategic Share Purchase

Titan signs an agreement to acquire a 27.18% stake in CaratLane for Rs. 4,621 Crore.

Investment Over the Years

Titan first invested in CaratLane in 2016 with a 62% stake for Rs. 357.24 Crore.

Positive Outlook

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.

Vision for Domination