GRT Jewellers to Acquire 74% Stake in TBZ for ₹1,034 Crore

GRT Jewellers has entered into a definitive agreement to acquire a 74.12% controlling stake in Tribhovandas Bhimji Zaveri (TBZ) for up to ₹1,034 crore.

The acquisition represents a significant consolidation in the Indian jewelry retail market, valuing the target company at approximately $109 million.

The transaction is expected to close following regulatory approvals, marking a major expansion for GRT Jewellers into the premium retail segment.