GRT Jewellers To Acquire Controlling Stake In Tribhovandas Bhimji Zaveri In ₹1,033 Crore Deal
New Delhi: Tribhovandas Bhimji Zaveri (TBZ) shares hit the upper circuit for the second consecutive session on Tuesday after GRT Jewellers India proposed to acquire a 74% controlling stake in the jewellery retailer from its existing promoters. The all-cash transaction is valued at Rs 1,033 crore and will result in a change of control at TBZ, a jewellery business with a history spanning more than…
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