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GRT Jewellers to acquire 74.12% promoter stake in TBZ for up to ₹1,033.71 crore
GRT Jewellers will acquire a 74.12% promoter stake in jewellery retailer TBZ for up to ₹1,033.71 crore and launch an open offer for another 26%. The deal supports GRT’s pan-India expansion ambitions and TBZ’s next growth phase.
Reported figures
From the report. Source details below
| TBZ operates | 37 locations nationwide |
|---|---|
| TBZ share price rose over 11% to an intraday high of | ₹430 |
| TBZ shares gained 32% in one week, 46% in one month and | 145% YTD |
The source
Published
Confirmed by The Hindu BusinessLine, ET Small Business, Business Today, Business Standard, NDTV Profit, Financial Express
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