Titan hikes stake in Carat Lane Trading to 69.47%
1st Apr 2019

Titan Company has subscribed to 30,48,780 additional equity shares of Carat Lane Trading, thereby increasing its stake in Carat Lane on March 30, 2019. Pursuant to the above, the shareholding of the Company in Carat Lane has increased from 66.39% to 69.47%.

Carat Lane has offered shares through private placement on preferential allotment basis to meet the general corporate purposes and for augmenting long-term resource requirement for its business activities.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.