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

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.