Titan Co to acquire an additional 27.18% stake in CaratLane for $560m.

Titan Co, an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear, agreed to acquire an additional 27.18% stake in CaratLane, an Indian physical and online jewelry retailer, for $560m. "Titan has always prided itself in building strong brands that are amongst the leaders in their categories. We have great faith in the India Consumer story and believe that the growth journey of CaratLane has only begun and has a long way to go," C K Venkataraman, Titan Managing Director.