Titan picks up majority stake in etailer Caratlane

Titan Company, part of the salt-to steel conglomerate Tata Group, is investing Rs 357 crore for a 62% stake in online jewellery retailer Caratlane, it said in a filing to BSE.

Titan would be acquiring 19,142,545 shares representing approximately 62% of the company’s share capital, the filing said. This marks the second such deal wherein a brick-and-mortar retail has invested in an e-commerce firm over the past few months.

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