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Tata group firm Titan Co Ltd is acquiring a 62 per cent stake in online jewellery player Carat Lane for Rs 357.24 crore. The company, which in May had announced its decision to buy a majority stake in Carat Lane, on Thursday said it has signed a share purchase agreement for the same.
"The purchase consideration required for the shares being acquired is Rs 357.24 crore. Number of shares to be acquired is 1,91,42,545 representing 62 per cent of the company's (Carat Lane) share capital," Titan Co said in a filing to the BSE.
Read More At <> http://www.ecbilla.com/ecommerce-news/business/titan-acquired-rs-357-crore-stake-in-caratlane.html
Tata group firm Titan Co Ltd is acquiring a 62 per cent stake in online jewellery player Carat Lane for Rs 357.24 crore. The company, which in May had announced its decision to buy a majority stake in Carat Lane, on Thursday said it has signed a share purchase agreement for the same.
"The purchase consideration required for the shares being acquired is Rs 357.24 crore. Number of shares to be acquired is 1,91,42,545 representing 62 per cent of the company's (Carat Lane) share capital," Titan Co said in a filing to the BSE.
Read More At <> http://www.ecbilla.com/ecommerce-news/business/titan-acquired-rs-357-crore-stake-in-caratlane.html
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