Titan to Acquire Majority Stake in Dubai's Damas for $283 Million
Strategic investment marks major expansion by Indian jeweller
India's Titan Company has announced a strategic acquisition of a 67% majority stake in Dubai-based luxury jeweller Damas for $283 million, signaling the group’s ambitious expansion across the Gulf region.
The deal is set to enhance Titan’s footprint in the Middle East's high-end retail space and strengthen its presence in key GCC markets.
The deal is set to enhance Titan’s footprint in the Middle East's high-end retail space and strengthen its presence in key GCC markets.
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