CaratLane may go Middle East the ‘Damas’ way

MUMBAI: Titan’s CaratLane may look to tap into Dubai’s Damas Jewellery to foray into the Middle East, scrapping earlier plans to launch into the region on its own, a top company executive said, even though the scourge of the West Asia war on the region might prolong the entry timeline. Titan has bought a majority 67% stake in Damas from Qatar-listed Mannai Corporation in a Rs 1,630 crore deal, its second-largest acquisition, which was closed earlier this year.

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