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GRT Jewellers launches ₹431 crore open offer for TBZ stake

after close1 source ↓written by the desknot a recommendation

of Tribhovandas Bhimji
25.88%
Zaveri TBZ
₹431 crore
priced
₹249.61 per share
to TBZ's recent
120% discount
closing price
₹550.65

GRT Jewellers has initiated an open offer to acquire 25.88% of Tribhovandas Bhimji Zaveri (TBZ) for ₹431 crore, priced at ₹249.61 per share—a 120% discount to TBZ's recent closing price of ₹550.65. This follows GRT's earlier acquisition of a 75% promoter stake in TBZ for ₹1,034 crore. The move aims to enhance GRT's presence in northern markets and across India.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Sept 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TBZ closed +5.0% on the day of the news, from ₹574.85 to ₹603.55; Nifty +0.3% over the same session.

Bulletin at 16:02 IST on 17 Sept 2026. Every change is measured from ₹574.85, the last close before it, on 17 Sept. Nifty 50 is measured over the same sessions.

  • TBZ close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
TBZ closes around the bulletin against the close before the news, with Nifty 50 rebased to it425.16574.85724.54axis spans 70%before the news · 17 Sept574.85Nifty 50TBZbulletinD0+110 Sept17 Sept22 SeptReference close ₹574.85. 8 sessions from 10 Sept to 22 Sept; the price axis spans 70 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Sept₹574.85basebase
On the day18 Sept₹603.55▲ +5.0%▲ +0.3%+4.7 pp difference
+1 session21 Sept₹633.70▲ +10.2%▲ +0.6%+9.6 pp difference
+3 sessionsnot reached yet———
+5 sessionsnot reached yet———
Gap at the open, % · ₹
▲ +5.0%+28.69 on 18 Sept
Day's range, % · ₹
3.2%≈ 18 high to low
Volume on the day
0.34×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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