.
MergerLinks Header Logo

New Deal


Announced

Completed

RLG completed the acquisition of a 49% stake in Montblanc India from Titan Company.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Friendly

Luxury Items

India

jewelery

Private

writing accessories

Cross Border

Single Bidder

Acquisition

Completed

Minority

Synopsis

Edit

RLG completed the acquisition of a 49% stake in Montblanc India, a retailer of writing instruments, watches and accessories, from Titan Company, an Indian luxury products company. Financial terms were not disclosed. Titan’s decision to exit the joint venture agreement was driven by the company’s consolidation strategy to focus on its primary business and proprietary brands such as Tanishq jewellery and Titan watches, the company said in its filing.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US