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The Economic Times

Economy / The Economic Times

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GRT Jewellers to buy out TBZ promoters for 1,034cr

GRT Jewellers will acquire a 74.12% stake in Tribhovandas Bhimji Zaveri for up to 1,033.71 crore. This acquisition will expand GRT's retail network to 106 stores across India. GRT will also launch a mandatory open offer for the remaining 26% stake. The deal will see TBZ promoters resign from the board after completion. Some promoters may enter employment or consultancy arrangements to aid the transition.

1 Sep 2026 12:16 am