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Titan acquires majoriy stake in Dubai’s Damas for $283 million
Hindustan Times Haryana
|July 22, 2025
WWatch and jewellery retailer Titan Co. Ltd, through its wholly owned subsidiary Titan Holdings International, on Monday announced the acquisition of a majority stake in Dubai-based jeweller Damas Llc (UAE) for $283 million or 1.04 billion dirham.
Titan, via its fully owned arm, has entered an agreement to acquire a 67% stake in Damas’s current holding company for its jewellery business in Gulf Cooperation Council (GCC) countries from publicly listed Mannai Corp., headquartered in Qatar, according to a regulatory filing by Titan.
The purpose of the acquisition is to acquire the entire jewellery business, including the brand Damas, held by Mannai in the GCC countries.
‘As of 31 March, Tanishq operates 13 stores in GCC countries and two Mia by Tanishq outlets.
यह कहानी Hindustan Times Haryana के July 22, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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