12 March 2022, Mumbai:
Tata group firm Titan Company on Friday said its subsidiary has inked a pact to acquire 17.5 per cent voting rights in US-based Great Heights Inc for USD 20 million (around Rs 152 crore).
ALSO READ: Titan Q3 FY22 Results
TCL North America Inc (TCLNA), a wholly-owned subsidiary of the company, has signed a stock purchase agreement with Great Heights Inc for a subscription of shares with voting preferred stock in the capital stock of Great Heights, the jewellery and watch maker said in a regulatory filing.
As per the pact, TCLNA would hold up to 17.5 per cent voting rights in Great Heights, it added.
RELATED ARTICLE Actor Rohit Saraf is the new brand ambassador for Titan-owned, Fastrack
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CREDITS: ET.
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