Titan Company, part of the Tata Group, is set to purchase a 67% stake in Dubai's luxury jewellery retailer Damas for 1.04 billion AED, enhancing its footprint in the Middle East's luxury market.

Strategic Rationale The acquisition is strategically significant for Titan's jewellery business, facilitating expansion across the 6 GCC countries: UAE, Saudi Arabia, Qatar, Oman, ...

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