GRT Jewellers open offer for TBZ at INR 249.61 per share

GRT Jewellers (India) is making an open offer to acquire up to 1.72 crore shares (25.88 percent) of TBZ at INR 249.61 per share, totaling about INR 431 crore in cash. This follows a Share Purchase Agreement to buy 4.95 crore shares (74.12 percent) from existing Zaveri family promoters at INR 209 per share for about INR 1,033.71 crore. Post-deal, GRT Jewellers becomes the new promoter with full control of TBZ, and the existing promoter group will exit. Offer is triggered under SEBI takeover regulations, no minimum acceptance condition, no delisting planned.