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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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thehindubusinessline.com
GRT Jewellers to acquire 74.12% stake in Tribhovandas Bhimji Zaveri
GRT Jewellers India will acquire a 74.12% stake in Tribhovandas Bhimji Zaveri for up to ₹1,034 crore and launch an open offer for 26%.
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GRT Jewellers is set to pick up a 74.12% stake in TBZ
GRT Jewellers acquires 74% of TBZ for ₹1,034 crore, aiming for national expansion and enhanced retail presence across India.
