Titan Company, Part of Indian Congroomele Tata Group, will take a large step by its foreign growth program after announcing that he purchased the most 67 percent of the Datais.
This agreement, according to the amount of AED 1,038 million (US $ 282.6 million), making the Titan one of the largest businesses in the Middle East. Titan completes the agreement with its full-owned funding, Titan Holdings International FZCO. The termination of agreement is subject to closure conditions and compulsory approval.
The Titan entered UAE in October 2020 and already consists of great existence in the country with its seven Tanishq stores. The New Deal gives you access to Damas stores’ 146 in all six countries in the Ecfer Coope Council Council Council (GCC
Titan receives a lot of stake in Damas
Titan expected an agreement to be completed on January 31, 2026. The company also has the right to receive a 33 percent of the 32 percent of 2029.
CK Venkararan, Titan Director Titan, comment: “After establishing Tanishq in GCC countries and the USA’s jewelry on the following stage.
“With the discovery of Damas, Titan Company leaves Diaspora to focus on other nations and nationalities. Damas with a rich knowledge.
“The acquisition is not only creating a world’s best opportunity but also improves the position of all company in the Bringery market and brings many synchronization benefits.”
While a large Indian Expat Middle East, the company was again expanded by “a region indicating the powerful economic growth of excellent beauty, Arabiaated Design.”
It was founded in 1907, Damas Jewelery arrested Dubai. He was previously written on Nasdaq Dubai, before he was taken by Mannai and the Egypt Investment Bank EFG Hermes in 2012 by US $ 445 million. EFG Hermes sold the whole 19 percent of 19 percent overlooking jewelry in 2014 to Channai.
Mannai said he would spend the money on this agreement to strengthen its resources to support the increase in its basic trading and businesses by reducing party debt.
Alkh Grewal, Chief Executive Officer: Its region to their region in their region in its region in their region in its region.
“Therefore, Titan takes that opportunity to invest in Damas.
