GRT Jewellers Acquires Controlling Stake in TBZ to Expand National Retail Footprint

Indian jewelry retailer GRT Jewellers will purchase a 74.12% stake in competitor TBZ for up to Rs 1,034 crore, pending regulatory approval, to consolidate market presence and store networks.

31 Aug, 16:07 — 31 Aug, 16:07

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economic-times2d ago

GRT Jewellers to buy controlling stake in TBZ for up to Rs 1,034 crore

GRT Jewellers will acquire a 74.12% controlling stake in TBZ for up to Rs 1,033.71 crore, expanding its store network and national footprint. The deal combines two longstanding jewellery brands, subject to regulatory approvals and a mandatory open offer.

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GRT Jewellers Acquires Controlling Stake in TBZ to Expand National Retail Footprint

Sources

GRT Jewellers to buy controlling stake in TBZ for up to Rs 1,034 crore

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