GRT Jewellers
GRT Jewellers is expanding through acquisition: the Competition Commission of India cleared its ₹1,033.71 crore purchase of a 74.12% stake in TBZ on 13 October, adding 37 stores to its 68 in India (CNBC-TV18, 13 Oct). An open offer for the remaining stake is still to complete (The Hindu BusinessLine, 16 Sept).
What it means Regional jewellers in western and northern India now face a larger GRT with a wider store network.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 7 stories, the newest dated 18 Sept 2026. Summary written 13 Oct 2026. Newer developments are under Latest moves.
GRT Jewellers is a Chennai-based jeweller. [1] source: The Hindu BusinessLine[2] source: The Hindu BusinessLine
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It operates 68 stores in India and one outlet in Singapore. [3] source: Financial Express[4] source: Mint Mint reported that its TBZ deal expands GRT beyond South India. [4] source: Mint
Mint reported on 31 August 2026 that GRT Jewellers would acquire a 74.12% stake in TBZ for up to ₹1,033.71 crore, followed by an open offer for approximately 26% additional stake. [4] source: Mint The acquisition price was ₹209 per share. [5] source: Business Today TBZ operates 37 stores across 28 cities, and its FY26 revenue was Rs 3,203 crore. [3] source: Financial Express[5] source: Business Today In September 2026 GRT launched a ₹431 crore open offer for TBZ's remaining 25.88% stake at ₹249.61 per share. [1] source: The Hindu BusinessLine The Hindu BusinessLine reported that GRT aims to use TBZ to expand into northern markets and build a pan-India presence. [1] source: The Hindu BusinessLine NDTV Profit reported on 18 September 2026 that GRT proposes to acquire 4,94,59,775 TBZ shares, or 74.12%. [6] source: NDTV Profit
In August 2026, GRT Jewellers quoted Rs 410.97 in Tamil Nadu's Rs 755 crore newborn gold-ring tender. Joyalukkas won it as L1 bidder with a one-paisa service-charge quote, and Vummidi Bangaru Jewellers quoted Rs 822.97. [7] source: Financial Express
Sources
Questions about GRT Jewellers
How many GRT Jewellers stores are there?
GRT Jewellers had 68 stores in India and one outlet in Singapore, as reported in September 2026. [3] source: Financial Express
What is GRT Jewellers' current strategy in India?
GRT Jewellers agreed in August 2026 to acquire a 74.12% stake in TBZ for up to ₹1,033.71 crore. In September 2026 it launched a ₹431 crore open offer for TBZ's remaining 25.88% stake at ₹249.61 per share. In August 2026 it also quoted Rs 410.97 in Tamil Nadu's newborn gold-ring tender. [4] source: Mint[1] source: The Hindu BusinessLine[7] source: Financial Express