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Titan to make strategic investment of USD 20 mn in Great Heights

18 Mar 2022 , 01:33 AM

Titan Company announced that its wholly owned subsidiary TCL North America Inc TCLNA has today signed a stock purchase agreement with Great Heights Inc USA Great Heights for subscription of shares with voting preferred stock in the capital stock of Great Heights which would result in TCLNA holding up to 175Percentage voting rights in Great Heights This is a strategic investment of USD 20 million that will provide Titan a ring-side view of the fast growing Lab Grown Diamond LGD and Direct to Consumer D2C sectors Great Heights retails LGD jewellery through its brand Clean Origin The transaction is expected to be completed by 15 March 2022

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