Acquiring Company
GRT Jewellers (India) Private Limited
Acquired Company
Tribhovandas Bhimji Zaveri
IndiaIndiaE CommerceFashionRetailJewelryE CommerceFashionRetailJewelryDescription
GRT Jewellers has signed a deal to acquire a 74.12% stake in Tribhovandas Bhimji Zaveri from its promoters. The acquisition is part of GRT's strategy to enhance its presence in the Indian jewellery market. The transaction includes a mandatory open offer to public shareholders for an additional 25.88% stake at ₹249.61 per share.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Tribhovandas Bhimji Zaveri?
Tribhovandas Bhimji Zaveri was acquired by GRT Jewellers (India) Private Limited, based in India. The deal was reported on September 9, 2026. GRT Jewellers is a prominent jewellery retailer operating a chain of stores across India and Singapore. The company specializes in gold, diamond, and traditional jewellery. GRT Jewellers (India) Private Limited is privately held and operates in E Commerce.
When did GRT Jewellers (India) Private Limited acquire Tribhovandas Bhimji Zaveri?
GRT Jewellers (India) Private Limited's acquisition of Tribhovandas Bhimji Zaveri was reported on September 9, 2026. GRT Jewellers has signed a deal to acquire a 74.12% stake in Tribhovandas Bhimji Zaveri from its promoters. The acquisition is part of GRT's strategy to enhance its presence in the Indian jewellery market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tribhovandas Bhimji Zaveri do?
Tribhovandas Bhimji Zaveri is a well-established player in the Indian jewellery sector with a legacy spanning 162 years. It operates numerous retail stores across the country, offering a wide range of exquisite jewellery. It is privately held, operating in E Commerce, and is based in India.
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