Titan Company News

Both Titan and Murugappa have already qualified for government incentives under the PLI scheme to set up a chip assembly unit in the country. 

Big Bull lost more than $1 billion in just 5 sessions. Titan's share price fell by Rs 108.75 per share last week. Star Health, saw its share price fall last week by Rs 55.20 per share.

Rakesh Jhunjhunwala owned more than a 5 per cent stake in the Tata Group firm. Jhunjhunwala owned 3,57,10,395 shares or a 4.02 per cent stake. Jhunjhunwala's wife, Rekha Jhunjhunwala, held 95,40,575 shares or a 1.07 per cent stake in the firm.

Jhunjhunwala's personal wealth grew by about Rs 342 crore. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own a stake in Titan Company. Jhunjhunwala owned 3,57,10,395 shares or 4.02 per cent stake.

Titan Company has remained in Rakesh Jhunjhunwala’s portfolio for ages. The ace investor still remains bullish on the stock. Titan Company has gained over 70 per cent returns in the last one year.

In a BSE filing, the Mumbai-based firm said: it "has on August 11, 2015 sold 1,93,87,920 shares (2.18 per cent) of Titan Company Ltd to Tata Sons Ltd through a market sale for a net consideration of Rs 637.46 crore."

Titan is scouting for a technology partner for a high-tech smart watch which the company prefers to term as "utility watch".