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Titan Company Limited ( (IN:TITAN) ) has shared an update.
Titan Company Limited has announced that Signature Jewellery Holding Limited, UAE, has become a step-down subsidiary through Titan Holdings International FZCO. This move is part of a larger transaction where Titan Holdings International FZCO will acquire a 67% stake in Damas LLC’s jewelry business in the GCC, with plans to acquire the remaining 33% by the end of 2029. This strategic acquisition positions Titan to strengthen its foothold in the GCC jewelry market, potentially enhancing its market share and operational capabilities in the region.
More about Titan Company Limited
Titan Company Limited operates in the consumer goods industry, focusing on the production and sale of jewelry, watches, and eyewear. The company is a prominent player in the Indian market and has been expanding its international presence, particularly in the GCC countries.
Average Trading Volume: 43,359
Technical Sentiment Signal: Buy
Current Market Cap: 3298.1B INR
Learn more about TITAN stock on TipRanks’ Stock Analysis page.