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Published: September 15, 2023
Updated: September 15, 2023
For the first time, Tata group company Titan is planning to raise funds via bonds worth Rs 3,000 crore and is in talks with banks. The funds will be used to finance its acquisition of CaratLane Trading. The funds raise will be over by September-end.
Titan is in the process of raising its stake in CaratLane to capitalize on its big online retail presence. India’s M&A rules don’t allow the use of bank loans for funding acquisitions, and companies usually raise funds from foreign banks to fund their acquisitions, both in India and abroad.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
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