Titan Company Limited (Titan) has proposed the acquisition of remaining 27.5% founders' stake in Caratlane Trading Pvt. Ltd. This represents one of the largest e-commerce transactions in India.

The deal is valued at ₹17,000 crores in equity, with a purchase consideration of approximately ₹4,600 crores. The share purchase agreement was executed on August 19, 2023 and will close after receipt of necessary approvals.

Shardul Amarchand Mangaldas & Co advised Titan on this deal.

The transaction team consisted of Manav Nagaraj (Partner) and Mithila Hari (Senior Associate).

The competition law team consisted of Shweta Shroff Chopra (Partner), Manika Brar (Partner), Pranav Satyam (Special Advisor), Devahuti Pathak (Associate), Arjav Kulshreshtha (Associate).

Nikhil Naredi (Partner) and Deepika Goyal (Principal Associate) advised on LODR and other compliances applicable to a listed company.

Ramanathan & Vahanvati advised the sellers on this transaction with a team consisting of Essaji Vahanvati (Founding Partner) and Siddharth Prasad (Counsel).

Axiom5 Law Chambers also advised the sellers on this transaction with a team consisting of Samir Gandhi (Partner and co-founder) and Rahul Rai (Partner).

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