
22/07/2025
’s buy pushes focus into wider market
Gives Titan immediate scale accross Damas’ 146-store network in
The deal gives Titan immediate scale across all six GCC markets where Titan currently operates just 14 Tanishq stores, compared with Damas’ 146-store network
Titan Holdings, a wholly-owned subsidiary of Titan Company Ltd, has signed a definitive share purchase agreement with Damas International Ltd to acquire a 67 per cent shareholding in Damas LLC (UAE), the holding company for the Damas jewellery business across the Gulf Cooperation Council (GCC), from Qatar-based Mannai Corporation QPSC. This will be financed through a combination of debt cash balances and internal accruals......
http://infoblaze.com/news/details/113911
Tata Group
Via www.thehindubusinessline.com