CCI okays acquisition of additional shares in CaratLane by Titan

The Competition Commission of India (CCI) has approved acquisition of additional shareholding in CaratLane Trading Pvt Ltd by Titan Company Ltd.

The proposed combination relates to the acquisition by Titan of 27.18% share capital of CaratLane (a subsidiary of Titan), on a fully diluted basis, from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti.

Titan, a public listed company, is active in several businesses through lifestyle brands, including, jewellery, eyecare, fragrances, fashion accessories, and Indian dress wear.

CaratLane is a private limited company engaged in the business of manufacture and sale of gems and jewellery in India.