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Competition Commission of India

23 Nov 2023

CCI Approves Acquisition Of Additional Shareholding In CaratLane By Titan

The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane (a subsidiary of Titan), on a fully diluted basis.

19 Aug 2023

Tata's Titan Acquires 27.18% Stake In Its Subsidiary CaratLane For Rs 4,621 Cr

Over the cost of the acquisition, Titan said it will pay "Rs 4,621 crore towards the purchase of 27.18 per cent equity shares of CaratLane on a fully diluted basis". CaratLane Trading is an unlisted entity and its turnover in FY23 stood at Rs 2,177 crore. It also operates in the manufacture and sale of jewellery.

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