Titan to acquire 67% of Dubai’s Damas Jewellery for $283 million, strengthening its Middle East luxury retail footprint.

• Deal valued at 1.04 billion UAE dirham; option to buy remaining 33% stake post-December 2029.
• Damas operates 146 stores across Gulf nations; Titan is expanding beyond the Tanishq brand in Middle East markets.
• Titan earns 90% of revenue from jewellery; Standard Chartered advised on the transaction with Qatar’s Mannai Corporation.