Corporate News
GRT Jewellers (India) Private Limited has announced a public offer to acquire shares of Tribhovandas Bhimji Zaveri Limited (TBZ), a publicly listed jewelry company traded on the BSE (534369) and NSE (TBZ). The open offer is linked to a share purchase agreement where GRT Jewellers is acquiring shares from the existing promoter group of TBZ, who will subsequently cease to be promoters. A Detailed Public Statement (DPS) containing specifics regarding the offer price and open offer period will be published no later than September 7, 2026, and will be available in English, Hindi, and regional language newspapers. The acquisition is subject to approvals from regulatory authorities, including the Competition Commission of India, and is being conducted in compliance with SEBI (SAST) Regulations; however, TBZ will not be delisted following the offer.