Home Titan Acquires Remaining Stake in CaratLane for Rs 4,621 crore, Now Holds 98.28%

Titan Acquires Remaining Stake in CaratLane for Rs 4,621 crore, Now Holds 98.28%

Titan bought the remaining 27.18% stake in CaratLane from its founder Mithun Sacheti, numbering 91.90 lakh of equity shares.
The deal, totaling Rs 4,621 crore ($619 million) in cash, values CaratLane at Rs 17,000 crore ($2.3 billion).
The acquisition results in Titan holding 98.28% of CaratLane’s share capital and voting rights, pending regulatory approval.