Search
ieeditor
ieeditor

CCI clears GRT’s acquisition of TBZ

The Competition Commission of India has approved GRT Jewellers (India) Private Ltd proposed acquisition of majority stake in Tribhovandas Bhimji Zaveri Ltd.

Mergers and Acquisitions
Listen to this article

The Acquirer is a private limited company, primarily engaged in the manufacture and sale of gems and jewellery in India. The Target is a publicly listed company, engaged in the business of manufacturing and sale of gems and jewellery in India, the Commission said in a statement.

GRT Jewellers India Private Ltd. had agreed to buy entire promoter stake of 74.12 per cent in listed jewellery company Tribhovandas Bhimji Zaveri (TBZ) for Rs 1,033.71 crore. The move will help GRT expand across India.

GRT will also be launching an open offer for another 26 per cent.

Latest

Automobile

Hyundai Motor Group commits USD15.5 bln investment in India

0
The seven-year investment spans manufacturing expansion, research and development...
AI

Adani, Jabil in pact to make data centre equipment

0
The MoU follows the June 2026 announcement of Adani...
Economy

We do not grow at anyone’s cost: Modi

0
“We grow with the world, and for the world,”...
Banking

UPI fee to be implemented post Diwali

0
Earlier the MDR was supposed to kick in from...

Newsletter

Don't miss

Automobile

Hyundai Motor Group commits USD15.5 bln investment in India

0
The seven-year investment spans manufacturing expansion, research and development...
AI

Adani, Jabil in pact to make data centre equipment

0
The MoU follows the June 2026 announcement of Adani...
Economy

We do not grow at anyone’s cost: Modi

0
“We grow with the world, and for the world,”...
Banking

UPI fee to be implemented post Diwali

0
Earlier the MDR was supposed to kick in from...
Real Estate

Co-working tops office space absorption: Report

0
Interestingly, occupier demand composition is witnessing a shift, with...
ieeditor
ieeditor

Hyundai Motor Group commits USD15.5 bln investment in India

Sanjay Vijayakumar -
The seven-year investment spans manufacturing expansion, research and development (R&D) infrastructure development, local supplier cultivation for parts localization and future technology innovation - fostering...
Read more

Adani, Jabil in pact to make data centre equipment

ieeditor -
The MoU follows the June 2026 announcement of Adani Group and Jabil’s intent to establish a strategic alliance to develop an AI and data...
Read more

We do not grow at anyone’s cost: Modi

ieeditor -
“We grow with the world, and for the world,” he said addressing the Bloomberg Economic Forum in New Delhi. “The real question is not who...
Read more

About us

Most recent

Most popular

Hot On Web

Kothari Industrial Corporation Limited - All rights reserved.