Tribhovandas Bhimji Zaveri
Latest, 13 Oct: CCI clears GRT Jewellers' ₹1,034 crore deal for 74.12% stake in TBZ.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 9 stories, the newest dated 13 Oct 2026. Summary written 14 Oct 2026.
Tribhovandas Bhimji Zaveri (TBZ) is an Indian jewellery retailer with a 162-year history. [1] source: NDTV Profit
Show 3 more paragraphs and 9 sources
It operates 37 stores across 28 cities in India. [2] source: Financial Express Its FY26 revenue was Rs 3,203 crore. [2] source: Financial Express[3] source: Business Today Priority Jewels lists TBZ among the organised chains it supplies. [4] source: Mint
On 2 September 2026, GRT Jewellers agreed to buy a 74.12% stake in TBZ for up to ₹1,033.71 crore, at ₹209 per share. [5] source: The Hindu BusinessLine[6] source: Mint TBZ shares rose 17.2% to a record high that day. [5] source: The Hindu BusinessLine GRT also has to make a mandatory open offer for the remaining stake, and in September 2026 it launched a ₹431 crore open offer for 25.88% at ₹249.61 per share. [7] source: The Hindu BusinessLine On 18 September 2026 TBZ shares rose 4.99% to Rs 603.55. [8] source: NDTV Profit The Competition Commission of India approved the acquisition on 13 October. [9] source: CNBC-TV18
GRT Jewellers is a Chennai-based jeweller with 68 stores in India. [9] source: CNBC-TV18[7] 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. [7] source: The Hindu BusinessLine
Sources
Questions about Tribhovandas Bhimji Zaveri
How many Tribhovandas Bhimji Zaveri stores are there?
Tribhovandas Bhimji Zaveri operated 37 stores across India as of October 2026, spread across 28 cities. [9] source: CNBC-TV18[2] source: Financial Express
Who owns Tribhovandas Bhimji Zaveri?
GRT Jewellers agreed in September 2026 to acquire a 74.12% promoter stake in Tribhovandas Bhimji Zaveri for up to ₹1,033.71 crore, and the Competition Commission of India cleared the deal on 13 October 2026. [9] source: CNBC-TV18[6] source: Mint