Titan to buy 67% in Dubai’s Damas jeweller for ₹1.6k cr

Titan, owner of Tanishq, is set to acquire a 67% stake in Dubai-based jewellery retailer Damas from Mannai Corporation for $189 million, marking a significant expansion into the West Asian market. This acquisition, Titan’s second-largest, aims to broaden its reach beyond the Indian diaspora to diverse nationalities in the GCC region.