CCI clears ₹1,034-crore acquisition of legacy jeweller
CCI approved GRT Jewellers’ ₹1,034 crore acquisition of a 74.12% stake in TBZ. A separate ₹431 crore offer covers the remaining 25.88% public holding, while TBZ shares closed 4.99% higher at ₹655.85.
pre-market1 source ↓machine-written, see hownot a recommendation
- TBZ close
- ₹665.35
- On the day
- +4.99%
- 52-week high
- ₹665.35
- 52-week low
- ₹110.50
The Competition Commission of India approved GRT Jewellers’ acquisition of a 74.12% stake in Tribhovandas Bhimji Zaveri for ₹1,034 crore, valuing the transaction at ₹209 per share. The approval followed a Special Purchase Agreement signed in August 2026, and the regulator said the proposed combination raised no competition concerns. 💍
GRT Jewellers has also issued a letter of offer to acquire the remaining 25.88% held by public shareholders. The offer covers 1,72,70,845 shares for ₹431 crore, taking the potential total transaction value to ₹1,465 crore if the full public-shareholder stake is acquired. The transaction gives the acquirer control of a legacy jewellery retailer while creating a defined exit opportunity for minority shareholders.
TBZ shares closed at ₹655.85 on 13 Oct 2026, up 4.99% or ₹31.20, according to the source article. OI Charts data for 22 Sep 2026 recorded a close of ₹665.35, a 4.99% daily gain and volume of 881,481 shares. The stock had advanced 26.9% over five sessions and 132.5% over 20 sessions in that OI Charts reading, while its 52-week range extended from ₹110.50 on 30 Mar 2026 to ₹665.35 on 22 Sep 2026. 📈
The CCI clearance removes a key regulatory condition for the control transaction and keeps attention on the offer process, shareholder response and completion timetable. Market participants will watch the detailed letter-of-offer terms, the acceptance level from public shareholders and any further company or exchange disclosures. The ₹209 acquisition price and ₹431 crore public offer are transaction terms, not market-price targets.
The deal is significant for India’s organised jewellery retail sector because it combines an established regional brand with a legacy listed jeweller. It may also prompt closer scrutiny of store networks, brand positioning, financing and integration plans once control changes. CCI approval is the immediate catalyst, while the next material milestones are offer-related filings and closing disclosures.
Source: BusinessLine, 13 Oct 2026
Not investment advice. For informational purposes only.