#Titan enters into share purchase agreement to acquire entire equity shares held by #CaratLane for Rs 4,621 cr

Here's more https://t.co/bjISYUsmN9

#Titan acquires additional 27.18% stake in #CaratLane for Rs 4,621 cr in cash, co’s stake in CaratLane increases to 98.28% from 71.09%

Alert: Caratlane reported turnover of Rs 2,177 cr in FY23 against Rs 1,267 Cr in FY22

Here's more https://t.co/qARfiDXtO1

#OnCNBCTV18 | #CaratLane has created a strong omni-channel presence, deal is a multi-decadal opportunity for value creation. CaratLane share will go from 6-7% currently to 10% in a couple of years, says Ashok Sonthalia of Titan Company https://t.co/MUPnKeEGql

#OnCNBCTV18 | There could not be a better home for #Caratlane than #Titan. We would have loved to see the #IPO, but #TataGroup did not want two sets of jewellery businesses to be listed, says Mithun Sacheti of CaratLane

Here's more https://t.co/lK2GZHBet3

#Titan Q1 Business Update 📢

*Growth of 9% YoY in the quarter

*Adds 61 stores in the quarter

*The group’s retail network presence is at 3,096 stores

*Jewellery segment grew 9% YoY

*Watches & Wearables segment grew 15% YoY

*Eye Care segment grew 3% YoY

*Emerging businesses grew 4% YoY

*#CaratLane grew 18% YoY