Tata
group firm Titan Co Ltd is acquiring 62 per cent stake in online jewellery
player Carat Lane for Rs 357.24 crore. The company, which in May had announced decision
to buy a majority stake in Carat Lane, today said it has signed a share
purchase agreement for the same.“The purchase consideration required for the
shares being acquired is Rs 357.24 crore. Number of shares to be acquired is
1,91,42,545 representing 62 per cent of the company’s (Carat Lane) share
capital,” Titan Co said in a BSE filing Read More
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