Titan to Make $20 Million Strategic Investment in Great Heights

Titan Company announced that its wholly owned subsidiary, TCL North America Inc. (TCLNA) today signed a stock purchase agreement with Great Heights Inc., USA (Great Heights) for the subscription of preferential voting shares in the share capital of Great Heights, which would allow TCLNA to hold up to 17.5% of the voting rights in Great Heights.

This is a $20 million strategic investment that will provide Titan with a bird’s eye view of the fast-growing lab-grown diamond (LGD) and direct-to-consumer (D2C) sectors.

Great Heights retails LGD jewelry through its Clean Origin brand.

The transaction is expected to close by March 15, 2022.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

About Joan Dow

Check Also

Baker McKenzie advises Pacoma on the sale to Legget & Platt | Writing

Baker McKenzie advised Pacoma Holding S.à rl in connection with the sale of the Pacoma …