Titan Company to acquire balance stake in CaratLane

Titan Company had executed relevant documents today to purchase balance 1,19,489 equity shares held by the individual shareholders of CaratLane Trading (CaratLane) representing 0.36% of the total paid-up equity share capital of face value of Rs. 2 each/- of CaratLane.

As on date, CaratLane is a subsidiary of the Company wherein the Company hold 99.64% of the total paid up capital of CaratLane. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly owned subsidiary of the Company.

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