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CCI Approves GRT Jewellers' 1,034 Crore Acquisition of TBZ Stake
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CNBC TV18•13-10-2026, 19:34
CCI Approves GRT Jewellers' 1,034 Crore Acquisition of TBZ Stake
- •The Competition Commission of India has approved GRT Jewellers to acquire a 74.12 percent stake in Tribhovandas Bhimji Zaveri Limited for approximately 1,034 crore rupees.
- •GRT Jewellers previously signed a share purchase agreement with TBZ promoters on August 31 to buy over 4.94 crore equity shares.
- •GRT has also proposed an open offer to acquire an additional 26 percent stake in TBZ in compliance with SEBI regulations.
- •TBZ operates 37 stores across India since its founding in 1864, while GRT Jewellers runs 68 domestic stores and one international location in Singapore.
- •The acquisition will grant GRT a majority stake in TBZ, significantly expanding its retail network and market presence upon completion of closing conditions.
Key Questions Answered
GRT Jewellers has signed a share purchase agreement to acquire a 74.12% stake in Tribhovandas Bhimji Zaveri Limited (TBZ) for a consideration of up to ₹1,033.71 crore.
Yes, the Competition Commission of India (CCI) has approved GRT Jewellers' proposed acquisition of a 74.12% stake in TBZ, clearing a key regulatory hurdle for the transaction.
Yes, following the majority stake acquisition, GRT Jewellers has proposed an open offer to acquire an additional stake of around 26% from eligible public shareholders under SEBI regulations.
