- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Titan has announced the acquisition of a 67% stake in Damas Jewellery, a major Middle East retailer. This strategic move, valued at an enterprise value of approximately 2,357 Cr, will significantly expand Titan's presence across six GCC countries. Damas operates 146 stores and reported a turnover of around 3,316 Cr for FY24. This acquisition strengthens Titan's global jewellery ambitions, offering a path to acquire the remaining 33% post-2029, integrating a brand revered for its craftsmanship and regional appeal.