TBZ Shares Hit 20% Upper Circuit After GRT Jewellers Open Offer
TBZ shares zoomed 20% to hit their upper circuit on Tuesday after GRT Jewellers signed a deal to acquire a 74.12% promoter stake for up to Rs 1,033.71 crore, triggering a mandatory open offer.
GRT Jewellers To Buy 74% Of TBZ For Rs 1,034 Crore
GRT Jewellers has agreed to acquire 74.12% of listed retailer Tribhovandas Bhimji Zaveri for Rs 1,033.71 crore, taking control of the 162-year-old brand and expanding its pan-India retail footprint.
- 1
