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Titan gets CCI nod for additional stake purchase in CaratLane

The combination relates to the acquisition of 27.18 per cent share capital of Caratlane

. In August, jewellery maker Titan announced that it is going to increase its stakein its subsidiary and new-age jewellery brand CaratLane to 98.28 per cent by acquiring an additional 27.18 per cent for Rs 4,621 crore.

The Competition Commission of India (CCI) has approved Tata-backed Titan’s proposal to acquire an additional 27.18% stake in jewellery startup CaratLane.

CCI approves acquisition of additional shareholding in CaratLane by Titan. The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane, on a fully diluted basis, from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sancheti

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