Titan buys 27.18% of CaratLane for Rs 4,621 Cr from Mithun Sacheti, India's 2nd largest founder-exit
After months of negotiations, Tata group company Titan has bought the residual 27.18% stake in its subsidiary CaratLane from the omnichannel jewellery brand’s founder Mithun Sacheti and his family members for Rs 4,621 crore in cash. The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane.
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