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Titan to buy majority stake in Damas Jewellery, expand presence in GCC countries

The New Indian Express Madurai

|

July 22, 2025

TITAN COMPANY has entered into an agreement to acquire a 67% stake in Dubai-based jewellery firm Damas from Qatar-based Mannai Corporation.

- ARSHAD KHAN @New Delhi

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.

FLERE HISTORIER FRA The New Indian Express Madurai

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Maha prices up, foreign liquor sales down this yr

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Heavy rain in 40 places, new weather system may bring more showers in TN

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Home is Not Always Where the Heart is

It's happening in West Asia currently. But since time immemorial, we have read books and seen movies about people coming home from war and emotionally reuniting with their families and friends.

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Avians can Teach Us the Value of the World

The air was cut with birdcalls.

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