25 May 2022
DiamondWorld Directory
-
Home |
News
Home
Titan acquires majority stake in E-tailer Carat Lane
The transaction is expected to be consummated by the middle of June 2016
By: Diamond World News Service
|
May 7 2016 12:48PM
|
Reference: 12991  

DecreaseIncrease

Titan Company Limited has acquired majority stake in Carat Lane Trading Private Limited, having its registered office at No. 32, Rutland Gate, Khadar Nawaz Khan Road, 2 Stage, Nungambakkam, Royapettah, Chennai - 600 006. However, deal value and stake details would be disclosed post the conclusion of the accounting due diligence. 

The exact stake that Titan Company Ltd. will take in Carat Lane and the valuation are currently under discussion and details will be shared on signing of definitive documents. The transaction is expected to be consummated by the middle of June 2016.

The exact stake that Titan Company Ltd. will take in Carat Lane and the valuation are currently under discussion and details will be shared on signing of definitive documents. The transaction is expected to be consummated by the middle of June 2016.

Carat Lane is a leading online jewellery brand and sells its products through its website Caratlane.com. The Company has also developed omni-channel capabilities and has currently 13 stores across the country with plans to ramp up the retail stores significantly in the future.

Bhaskar Bhat, Managing Director of the Company stated that "For Titan, the acquisition brings significant capabilities in the e-commerce space along with a brand, a customer segment and a business model that are very exciting."

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30824
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 7818
GJEPC Chairman Interview
Views: 27026
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37490
Promo for IJ Awards 2012 at NDTV Profit
Views: 51476
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65108
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21000
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49320
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50600
Member of:
Supporter of: