Titan acquires stake in online jewellery retailer Caratlane

Q.  Titan company has invested in which online jewellery retailer?
- Published on 18 Jul 16

a. Gili
b. Caratlane
c. Nakshatra
d. Tanishq

ANSWER: Caratlane
 
Titan company, part of the salt to steel conglomerate TATA Group has invested INR 357 crore for 62% stake in online jewellery retailer Caratlane.
  • The acquisition values Caratlane at INR 575 crore.
  • Titan which makes watches and jewellery under the Tanishq brand indicating it has picked up a majority stake in Chennai based company.
  • Titan will be acquiring 19,142,545 shares and this is the second such deal where a retail player has invested in an e-commerce firm.
  • Earlier, Future Group purchased furniture retailer Fabfurnish.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲