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 Mr. Mithun Padam Sacheti, Mr. Siddhartha Padam Sacheti, and Mr. Padamchand Sacheti.
Titan, a public listed company, is active in several business 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.
Detailed order of the Commission will follow.
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