{
  "id": 7808417,
  "title": "GRT Jewellers launches ₹431 crore open offer for remaining TBZ stake",
  "url": "https://urgent.news/2026/09/16/grt-jewellers-launches-431-crore-open-offer-for-remaining-tbz-stake",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T14:50:28.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/grt-jewellers-launches-431-crore-open-offer-for-remaining-tbz-stake/article71473035.ece"
  },
  "original_language": "en",
  "account": "Chennai-based jeweller GRT Jewellers has initiated an open offer of ₹431 crore to purchase the remaining 25.88 percent of Tribhovandas Bhimji Zaveri (TBZ), formerly a 75 percent promoter stake. The offer is priced at ₹249.61 per share, representing a substantial 120 percent discount to TBZ's closing share price of ₹550.65. With a market capitalisation of approximately ₹3,497 crore, the acquisition intends to expand GRT's reach into northern markets and establish a nationwide presence. The Special Purchase Agreement (SPA) was signed last month for ₹1,034 crore (₹209 per share), contingent on regulatory approvals and other customary conditions. Following the announcement, TBZ shares reached a record high the subsequent day.",
  "summary": "The Chennai-based jeweller is expanding its footprint as it moves to consolidate ownership of the legacy jewellery brand and enter northern markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}