India's Tribhovandas Bhimji Zaveri jumps on CCI nod for GRT majority takeover
14/10/2026 06:55
BUZZ-India's Tribhovandas Bhimji Zaveri jumps on CCI nod for GRT majority takeover ** Jeweller Tribhovandas Bhimji Zaveri's shares TBZL.NS jump as much as 5% to 688.6 rupees apiece
** Uptick follows the Competition Commission of India (CCI) approving the acquisition of a majority stake in TBZL by GRT Jewellers (India)
** CCI approval adds to certainty of GRT closing its majority acquisition of TBZ, raising expectations of stronger backing, synergies and growth, two traders say
** TBZL has jumped four-fold in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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