Monday 19 August 2019

Titan Company Increases Stake In Subsidiary

Titan Company increases stake in subsidiary: The company has purchased 9,45,000 equity shares from one of the shareholders of Carat Lane Trading, a subsidiary of the company, thereby increasing its stake in Carat Lane by 2.8 percent to 72.3 percent.


Shares of Ujjivan Financial Services fell nearly 8 percent on August 19 after the company's decision to launch IPO of Ujjivan Small Finance Bank. Analysts feel the listing of bank is negative for shareholders of microfinance lender.


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