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Incorporated in 2007, Tribhovandas Bhimji Zaveri Ltd is in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones
GRT Jewellers proposes an open offer to acquire up to 25.88% of TBZ's voting capital at INR 249.61 per share, valued at up to 431.09 Cr. This follows their acquisition of 74.12% at INR 209.00. The offer aims for full control, transforming TBZ's ownership and potentially impacting public float requirements.
GRT Jewellers is acquiring 74.12% of Tribhovandas Bhimji Zaveri from its promoters for ~INR 1,033.7 Cr. An open offer has been made to public shareholders for an additional 25.88% at INR 249.61/share, totaling ~INR 431.1 Cr. This acquisition grants GRT control of TBZ.
#TBZAlert: Major ownership shift! Tribhovandas Bhimji Zaveri (TBZ) promoters are selling their 74.12% stake (4,94,59,775 shares) to GRT Jewellers (India) Private Limited via a Share Purchase Agreement. **Issue:** TBZ's promoter group is divesting its entire majority shareholding in the company to GRT Jewellers. **Possible Impact:** * **Change of Control:** GRT...
TBZ's Board has proposed a Rs. 2.50 per share dividend for FY26, pending shareholder approval. This dividend will be subject to applicable tax deduction at source (TDS). Shareholders are advised to submit necessary tax-related documents by August 31st for correct TDS application.