Titan’s CaratLane could grow faster than other segments, says Amnish Aggarwal of Prabhudas Lilladher
Titan share price hit a 52-week high on Tuesday on news reports that it plans to buy the rest of the stake in CaratLane, but hurdles have emerged on the valuation of the residual stake.
Shares of Titan Co. Ltd hit a new 52-week high of ₹2,893 apiece on Tuesday on the National Stock Exchange. According to an Economic Times article, Titan's buy out 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.
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