Tata group stock jumps after company to acquire 67% stake in Damas LLCTata group stock jumps after company to acquire 67% stake in Damas LLC

Introduction:

Leading Tata group company is set to acquire a 67% stake in a prominent GCC-based jewellery business, aiming to expand its footprint across six Gulf countries through a strategic international transaction.

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Share price movement of Titan:

On July 22, 2025, Titan Company Ltd opened at ₹3,445.05, up 0.34% from its previous close of ₹3,433.30. The stock touched a high of ₹3,489.00 and a low of ₹3,434.70. By 1:46 PM, it traded at ₹3,474.75, marking a 1.21% gain, with a full market cap of ₹3,08,483.50 crore.

Titan to Acquire 67% Stake in Damas LLC to Boost GCC Presence:

Titan Company Ltd, through its subsidiary Titan Holdings International FZCO, has signed a definitive agreement to acquire a 67% stake in Damas LLC, a leading jewellery retailer in the GCC region.

The transaction is based on an enterprise value of AED 1,038 million. Titan will have the option to acquire the remaining 33% stake from Mannai Corporation after December 31, 2029, as per agreed conditions in the definitive documents.

The acquisition is subject to regulatory approvals and will be funded through internal accruals, debt, and cash reserves. This move is expected to strengthen Titan’s presence across UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain.

Recent news on Titan:

As of May 08, 2025, Titan Ltd reported a net profit of ₹870 crore for Q4FY25, up 11% year-on-year, with revenue rising 20% to ₹13,477 crore and declared ₹11 dividend per share.

Ace investor holding in Titan:

Rekha Jhunjhunwala

Rekha Jhunjhunwala holds a 5.15% stake in Titan Company Ltd, owning 45,793,470 shares valued at ₹15,916.0 crore, reflecting her significant investment in the leading Tata group consumer and jewellery company.

Stock performance of Titan for Period of 1 week, 6 months, and 1 year:

Titan Company Ltd delivered a 0.53% return over the past week and gained 1.01% in the past six months. The stock has delivered a 5.49% return over the past year.

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Shareholding pattern of Titan:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	52.90%	52.90%	52.90%
FII	17.50%	17.80%	18.10%
DII	12.80%	12%	11.60%
Public	17%	17.00%	17.40%
Others	0.10%	0.10%	0.10%

About Titan:

Titan Company Ltd (NSE: TITAN), founded in 1984, is a leading lifestyle company with strong presence in watches, jewellery, and eyewear, backed by trusted brands and a joint venture between Tata Group and TIDCO.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.