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Titan Company To Acquire Remaining 0.36% stake in Caratlane

Currently, Titan Company holds 99.64% of total equity share capital of Caratlane. With the acquisition of the remaining 0.36% stakes for Rs 60.08 Crores by March 31, this year, Caratlane will become a wholly-owned subsidiary of Titan.

| Published on February 28, 2024

Titan Company To Acquire Remaining 0.36% stake in Caratlane

Titan Company, which currently holds 99.64% of total equity share capital in Caratlane, has announced that by the end of March, it would acquire the remaining 0.36% stake in Caratlane for Rs 60.08 crores.

With the acquisition of the balance stakes, Caratlane will become a wholly-owned subsidiary of Titan Company.

In its regulatory filing, the company mentioned that it has “executed relevant documents” to purchase a balance of 1,19,489 equity shares held by the individual shareholders, “representing 0.36 percent of the total paid-up equity share capital of face value of Rs 2 each”.

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