Titan Buys Damas in 283M Dollar Deal

Titan Acquires Majority Stake

Titan has acquired a controlling stake in Dubai-based Damas Jewellery for $283 million, strengthening its international footprint.

Why Damas?

Damas is one of the largest luxury jewelry retailers in the Middle East, offering Titan access to a wider premium customer base.

Strategic Global Move

This acquisition aligns with Titan`s long-term strategy to expand globally and diversify beyond the Indian market.

A Win for Tata Group

As part of Tata Group, Titan’s acquisition of Damas adds significant brand value and complements its existing jewellery portfolio.

Strengthening Middle East Presence

Titan will now have a stronger retail footprint across GCC countries, especially in high-value markets like the UAE and Saudi Arabia.

Customer Base Expansion

With Damas` strong brand recognition, Titan aims to reach both local and expat communities across the region.

Looking Ahead

Titan’s management sees this move as a key milestone in becoming a truly global luxury and lifestyle brand.