Economy · India
GRT Jewellers to acquire majority stake in Tribhovandas Bhimji Zaveri
GRT Jewellers has announced plans to acquire a 74.12% stake in Tribhovandas Bhimji Zaveri (TBZ). The deal involves GRT Jewellers buying out the promoters of TBZ for ₹1,034 crore. This acquisition will give GRT Jewellers a majority ownership in the publicly listed jewellery company.
How outlets across the spectrum covered it
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- Centre (2): The Economic Times, The Hindu BusinessLine
- International (1): Reuters