Titan’s recent announcement of acquiring a 27.2% stake in CaratLane (CL) from Mithun Sacheti and family for Rs 46.2 billion marks a significant development. This transaction values CaratLane at Rs 170 billion, although our valuation pegs it slightly higher at Rs 208.5 billion. After this, Titan’s stake in CaratLane will rise from 71.09% to 98.28%. […]