24 Jul, EOD - Indian

SENSEX 80148.88 (-0.35)

Nifty 50 24413.5 (-0.27)

Nifty Bank 51317 (-0.89)

Nifty IT 40115.05 (0.18)

Nifty Midcap 100 56872.75 (1.04)

Nifty Next 50 71844.65 (0.30)

Nifty Pharma 20908.5 (0.74)

Nifty Smallcap 100 18723.5 (1.76)

24 Jul, EOD - Global

NIKKEI 225 39154.85 (-1.11)

HANG SENG 17311.05 (-0.91)

DOW JONES 39853.87 (-1.25)

S&P 5427.13 (-2.31)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(29 Jun 2024, 13:30)

Titan signs JV agreement with Rhythm Jewelry

Titan Company has executed a joint venture agreement (JVA) with Rhythm Jewelry for establishing a joint venture company in Bangladesh with the objective of manufacturing, marketing and retailing of jewellery products in Bangladesh.

Upon incorporation, Titan will subscribe to 76,000 shares (representing 76% ownership), and Rhythm Jewelry will subscribe to 24,000 shares (representing 24% ownership) with a face value of BDT 100 per share. The subscription can occur in one or more tranches.

There shall be 4 directors on the board of the joint venture company. Titan will have the right to nominate 3 directors and Rhythm shall have the right to nominate 1 director. The Chairman of the joint venture company shall be amongst the directors nominated by Titan.

Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. ...

More News
More Company News View Company Information