Titan company to acquire majority stake in CaratLane

Q.  Which company will acquire a majority stake in online jewellery store Caratlane?
- Published on 09 May 16

a. Tanishq
b. Titan
c. HMT
d. Swatch

ANSWER: Titan
 
Titan Company Limited will acquire a majority stake in CaratLane, an online jewellery store strengthening its presence in the e-commerce segment, a top official said.
  • The acquisition (of CaratLane) will bring significant capabilities in the e-commerce space along with a brand, a customer segment and a business model that is very exciting,” said Bhaskar Bhat, Managing Director, Titan Company Limited.
  • The board of directors of Titan Company approved on Friday the acquisition of majority stake in Chennai-based Carat Lane Trading Pvt. Ltd. for an undisclosed sum.

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