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Titan to buy majority stake in Damas Jewellery, expand presence in GCC countries
July 22, 2025
|The New Indian Express Shivamogga
TITAN COMPANY has entered into an agreement to acquire a 67% stake in Dubai-based jewellery firm Damas from Qatar-based Mannai Corporation.
The consideration for the proposed transaction is based on an enterprise value of AED 1,038 million ($282 mn).
The Tata Group company, which runs Tanishq jewellery stores in India and abroad, would also have the option to acquire the balance 33% stake from Mannai after December 31, 2029.
هذه القصة من طبعة July 22, 2025 من The New Indian Express Shivamogga.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Shivamogga
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