New Delhi: Titan, the world's largest manufacturer of fine jewels, stated on Saturday that it has acquired an additional 27.18 percent ownership in its subsidiary and modern jewellery brand CaratLane for a total of Rs 4,621 crore.
Taking its total holding to 98.28%, the company said in a joint statement that it has entered into a share purchase agreement with CaratLane founders Mithun Sacheti and Srinivasa Gopalan and their families to acquire all of the shares held by them totaling 27.18%.