business π GRT Jewellers buying 74.12% stake in TBZ
GRT Jewellers is acquiring a 74.12 per cent stake in TBZ for βΉ1,034 crore. This deal involves the Chennai-based GRT Jewellers and the Mumbai-headquartered TBZ. The acquisition covers the promoter's stake, with GRT planning an open offer for the remaining 26 per cent by June 2026. This move helps GRT achieve a strong pan-India presence by integrating TBZ's 162-year legacy. The final transaction is pending regulatory approvals and customary closing conditions.