National News
GJEPC is Title Partner of IIJS Jewellers Cricket League
GJEPC is proud to be the Title Partner of the highly anticipated IIJS-JCL (Jewellers Cricket League), which kicked off on 11Apr at the state-of-the-art Cricket Hub Ground, strategically located on the Banur-Landran Highway in Mohali. Representing GJEPC at this exciting event are esteemed officials Shamal Pote, Director along with team Pranabes Hazra and S. Madaan. Together, they will showcase the Council’s dynamic activities and promote its initiatives to a wider audience, underscoring GJEPC’s commitment to innovation and community engagement.
National News
GRT Jewellers Bets Big on TBZ to Acquire 74% for ₹1,034 Crore
The deal, signed on August 31, 2026, values the transaction at up to ₹209 per share and marks a significant reshaping of India’s organised jewellery retail landscape.The transaction will give GRT sole control of TBZ, including the right to appoint nominee directors.
In a landmark consolidation move, GRT Jewellers is set to take control of Tribhovandas Bhimji Zaveri (TBZ), acquiring a 74.12% promoter stake for up to Rs.1,034 crore. The deal, signed on August 31, 2026, values the transaction at up to ₹209 per share and marks a significant reshaping of India’s organised jewellery retail landscape.
GRT Jewellers (India) Private Limited will acquire the entire stake held by TBZ’s promoter group, including Shrikant Gopaldas Zaveri (50.06%), Bindu Shrikant Zaveri (5.24%), Binaisha Shrikant Zaveri (7.92%), Raashi Shrikant Zaveri (6.85%) and two promoter-group entities holding 2.02% each.
The acquisition will trigger a mandatory open offer for the remaining public shareholding, with GRT set to launch an offer for up to 26% of TBZ’s equity in accordance with applicable SEBI regulations.
The transaction will give GRT sole control of TBZ, including the right to appoint nominee directors. The existing promoter directors—Shrikant Gopaldas Zaveri, Binaisha Shrikant Zaveri and Raashi Shrikant Zaveri—are expected to step down following completion.
For TBZ, one of India’s oldest and most recognised jewellery brands, the deal signals a major transition from promoter-led ownership to strategic control by one of the country’s prominent jewellery players. For GRT, it represents an ambitious expansion of its footprint and a potentially transformative bet on TBZ’s established brand equity, retail network and customer franchise.
The deal could emerge as one of the most significant strategic moves in India’s organised jewellery sector, underscoring the accelerating consolidation of a market where scale, brand strength and retail reach are becoming increasingly decisive.
GRT Jewellers Bets Big on TBZ to Acquire 74% for ₹1,034 Crore
CaratLane Celebrates Teej With Pranali Rathod and Aashay Mishra In A Tale Of Thoughtful Gifting
GIA, Gübelin Gem Lab Confirm Rare Tourmaline Discovery In Ethiopia
GRT Jewellers Bets Big on TBZ to Acquire 74% for ₹1,034 Crore
MCX Gold, Silver See Sharp Decline On Surging Crude Oil Prices, Hawkish Fed Reserve
CaratLane Celebrates Teej With Pranali Rathod and Aashay Mishra In A Tale Of Thoughtful Gifting
-
National News3 hours agoGRT Jewellers Bets Big on TBZ to Acquire 74% for ₹1,034 Crore
-
National News8 hours agoMCX Gold, Silver See Sharp Decline On Surging Crude Oil Prices, Hawkish Fed Reserve
-
BrandBuzz5 hours agoCaratLane Celebrates Teej With Pranali Rathod and Aashay Mishra In A Tale Of Thoughtful Gifting
-
International News8 hours agoDMCC Establishes LGD Vertical As UAE Trade Reaches Record 76.9 Million Carats
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.