Titan Company, the watches and jewellery arm of the Tata Group, is in discussions with Qatar-based Mannai Corporation to acquire a significant stake in Damas Jewellery. The discussions are centred around the valuation of Damas, which is estimated at Rs 4,500 crore (approximately $518 million) This is the second time Titan and Damas have explored a deal. A previous round of negotiations held a few years ago, fell through due to differences over valuation. Tanishq has been expanding its footprint in the Gulf Cooperation Council (GCC) region, opening its flagship store at Dubai’s Gold Souk in January. The brand also operates in Doha, Sharjah, and Abu Dhabi, catering primarily to the Indian diaspora. It has introduced collections inspired by Arabic motifs and tailored its store designs to local preferences, including boutique layouts in Qatar. The company has not commented on the matter, and Moneycontrol could not independently verify the report..
