Titan buys 27.18% of CaratLane for Rs 4,621 Cr from Mithun Sacheti, India’s 2nd largest founder-exit

After months of negotiations, Tata group firm Titan has purchased the residual 27.18% stake in its subsidiary CaratLane from the omnichannel jewelry model’s founder Mithun Sacheti and his members of the family for Rs 4,621 crore in money. The newest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane.