Corporate News
GRT Jewellers (India) Private Limited has announced a takeover bid for Tribhovandas Bhimji Zaveri Limited (TBZ), structured as a Share Purchase Agreement and a public open offer to all TBZ shareholders. The acquisition will see GRT acquire approximately 74.12% of TBZ's equity, or 4,94,59,775 shares, currently held by the company’s promoters and promoter group, who will subsequently exit their ownership and leadership roles. TBZ will remain listed on the BSE (Scrip Code: 534369) and NSE (Symbol: TBZ), and GRT confirmed it does not intend to delist the company. A detailed public announcement containing specifics on the offer price and terms will be published on or before September 7, 2026, and the transaction is subject to regulatory approvals, including from the Competition Commission of India.