Titan set to add Rs 2,500 crore Damas facet to portfolio

May 26, 2025

Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate Titan’s successful CaratLane acquisition model.

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