Titan Industries to merge unit with itself

Jewellery and watch retailer Titan Industries said on Wednesday it plans to merge unit Titan Properties with itself.

Titan Properties was set up to develop a Titan township near Hosur in Karnataka for employees of the holding company, it said in an exchange filing.
Titan properties decided not to undertake any further developmental activities and hence "felt it expedient to amalgamate with the holding company", Titan Industries said.