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Titan Company Limited - Titan Company Ltd reply to clarification sought by the exchange
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09 Jan 2015
The Exchange had sought clarification from Titan Company Ltd with respect to news article appearing in The Financial Express on January 5, 2015 titled &quot;Tanishq to open 25 &apos;Mia&apos; stores&quot;&lt;BR&gt; &lt;BR&gt;Titan Company Ltd replied stating &quot;We would like to state that Mia is a sub-brand of &quot;Tanishq&quot; the Jewellery Division of the Company. Mia is in existence in the market for over two years and the proposal to open 25 stores is part of the Division&apos;s business plan. The Company has opened quite a few Mia stores already in addition to Mia Shop-in-Shops and therefore this is not a new activity either. It may be further noted that Mia contributes a small percentage of the revenues of the Jewellery business presently. Accordingly, it may please be noted that the Management of the Company does not view this development to be a material event for being classified as a price sensitive information and therefore requiring disclosure under clause 36 of the Listing Agreement.&quot;
View all announcements for Titan Company Limited Source: BSE India