Titan needs demand more than the residual stake in CaratLane
SummaryIn its March quarter earnings call, Titan’s management refrained from giving any insight on acquiring the remaining stake in CaratLane.
The Titan Co. Ltd stock was in focus on Tuesday, hitting a new 52-week high of ₹2,893 apiece. According to an Economic Times report, Titan’s buyout of the rest of the stake in CaratLane is facing hurdles. Currently, Titan holds a 72.3% stake in CaratLane. Differences have emerged between the Tata Group and CaratLane founders over the valuation of the residual stake, said the report, citing sources.