GRT Jewellers to acquire majority stake in TBZ

GRT Jewellers, a leading jewellery retail chain, has signed a definitive agreement to acquire a controlling stake in Tribhovandas Bhimji Zaveri (TBZ), marking a significant consolidation in the organised jewellery retail sector. The transaction involves the acquisition of 74.12 per cent shareholding from TBZ's promoters, positioning GRT as the majority stakeholder in the heritage jewellery brand.

Tribhovandas Bhimji Zaveri, established in 1864, operates a substantial retail presence across multiple cities and is recognised as one of India's oldest and most trusted jewellery houses. The acquisition represents GRT's strategic expansion in the competitive jewellery retail market and reflects the broader trend of consolidation among organised players in the sector.

Shares of Tribhovandas Bhimji Zaveri surged to the upper circuit limit following the announcement, signalling investor confidence in the transaction. The acquisition is expected to create synergies between the two jewellery retailers and strengthen their combined market position. Final completion of the transaction remains subject to customary closing conditions and regulatory approvals.