The Competition Commission of India (CCI) has cleared GRT Jewellers’ proposed acquisition of Tribhovandas Bhimji Zaveri (TBZ), stating that the transaction does not raise competition-related concerns. The approval marks a key step towards completing the acquisition and the associated offer to public shareholders.
Quick Summary
- The Competition Commission of India approved GRT Jewellers’ proposed acquisition of TBZ.
- GRT plans to acquire a 74.12% stake for ₹1,034 crore at ₹209 per share.
- A separate offer targets the remaining 25.88% stake for approximately ₹431 crore.
- TBZ shares closed at ₹655.85 on the NSE, up 4.99%.
CCI Approves GRT Jewellers’ Proposed Acquisition of TBZ
The Competition Commission of India (CCI) has cleared GRT Jewellers’ proposed acquisition of Tribhovandas Bhimji Zaveri (TBZ), stating that the transaction does not raise competition-related concerns. The approval marks a key step towards completing the acquisition and the associated offer to public shareholders.
GRT Jewellers to Purchase 74.12% Stake for ₹1,034 Crore
GRT Jewellers and TBZ entered into a Special Purchase Agreement in August 2026, under which GRT plans to acquire a 74.12% stake in the legacy jewellery company for ₹1,034 crore, at a price of ₹209 per share.
In its order, the CCI confirmed that the proposed deal does not present any competition concerns, allowing the transaction to proceed subject to other applicable requirements.
Separately, GRT Jewellers issued a letter of offer (LOF) to TBZ’s public shareholders to acquire the remaining 25.88% stake, comprising 1,72,70,845 shares, for approximately ₹431 crore.
TBZ Shares Rise Nearly 5% on the NSE
TBZ’s market capitalisation stood at approximately ₹4,377 crore at the time of reporting.
On Tuesday, TBZ shares closed at ₹655.85 on the National Stock Exchange (NSE), registering a gain of ₹31.20, or 4.99%, during the session.
FAQs
What has the CCI approved?
The CCI has approved GRT Jewellers’ proposed acquisition of Tribhovandas Bhimji Zaveri (TBZ).
What stake does GRT Jewellers plan to acquire?
GRT Jewellers plans to acquire a 74.12% stake in TBZ for ₹1,034 crore.
What is the offer for TBZ’s public shareholders?
GRT Jewellers issued a letter of offer to acquire the remaining 25.88% stake, comprising 1,72,70,845 shares, for approximately ₹431 crore.
How did TBZ shares perform on the NSE?
TBZ shares closed at ₹655.85 on Tuesday, rising ₹31.20 or 4.99%.
Why is the CCI approval significant?
The approval indicates that the regulator found no competition concerns with the proposed transaction. Other applicable requirements may still need to be met.
Source: SVAR Media Network
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