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Akshay Patel

1st Jun 2025 · SEBI-Registered Analyst

TITAN share news

TITAN
set to add Rs 2,500 crore Damas facet to portfolio Titan Co is in advanced talks to pick up a 72% stake in Damas International, a prominent Gulf jewellery retailer, for an estimated Rs 2,500 crore, said people with knowledge of the matter. The Tata group company has commenced due diligence, they said. The remaining 28% will continue to be held by Mannai Corp, which owns Damas International. The price was arrived at after Damas is said to have sought Rs 3,000 crore from
TITAN
. Both parties have reached a preliminary agreement, and the deal is likely to be finalised in the second quarter of FY26, said the people cited above.

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