📰 Headline: Titan to Acquire 67% Stake in UAE's Damas Jewellery, Shares Edge Higher

Titan shares rose nearly 1% on July 22 after the company announced it will buy a 67% stake in Damas Jewellery (UAE) for around ₹2,438 crore in an all-cash deal. The acquisition, done through Titan’s global arm, aims to expand its jewellery business in GCC countries (like UAE, Saudi Arabia, etc.). 👉 Damas is a well-known brand in the region, and this move supports Titan’s global growth plans.