Comments
Titan Company’s shares were up 0.41 per cent after the company made a move to acquire the entire stake of 91,90,327 equity shares, equivalent to 27.18 per cent of the total paid-up equity share capital of CaratLane Trading Pvt Ltd
CaratLane is currently a subsidiary of Titan, and upon the successful completion of this share purchase agreement, Titan’s shareholding in CaratLane is set to increase substantially from 71.09 per cent to 98.28 per cent on a fully diluted basis.
The shares were up by 0.41 per cent at Rs 3,061 at 11.32 am on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.