GRT Jewellers India to buy 74.12% stake in TBZ for up to $109 million
31/08/2026 13:18
GRT Jewellers India to buy 74.12% stake in TBZ for up to $109 million BENGALURU, Aug 31 - India's Tribhovandas Bhimji Zaveri TBZL.NS on Monday said GRT Jewellers India signed a share purchase agreement to buy a 74.12% stake for up to 10.34 billion rupees ($108.66 million), taking control of the jewellery retailer.
GRT will also launch an open offer for an additional 26% stake, the firm said.
($1 = 95.1625 Indian rupees)
(Reporting by Abinaya V in Bengaluru; Editing by Sonia Cheema)
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