5
Titan Acquires Remaining Stake in CaratLane for Rs 4,621 crore, Now Holds 98.28%
source link: https://nextbigwhat.com/titan-acquires-remaining-stake-in-caratlane-for-rs-4621-crore-now-holds-98-28/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
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.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK