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.
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