GRT Jewellers open offer for TBZ at INR 249.61 per share

Acquisition announcedOpen offerStrategic Transactions View source PDF Explain this filing

TBZ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+20.5%Reaction day

₹304.40

prior close

₹315.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+21.5% vs market

Gems Jewellery And Watches peers, median of 28sector-1.3%+21.8% vs sector

On the reaction day the stock moved 21.5 pts more than Nifty Microcap 250 and 21.8 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+10.7

10m

+16.4

15m

+11.7

30m

+16.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.5-1.0+21.5-1.3+21.8

Next day

+36.4-1.5+37.9-1.4+37.8

+48.9-0.9+49.8-2.0+50.8

+58.0-0.3+58.2-0.2+58.2

+73.8+0.1+73.6+0.4+73.4

+82.4+0.7+81.8+0.6+81.9

+64.7+0.3+64.4-0.2+64.9

15d

+128.0+1.0+127.1-1.6+129.6

+107.3-2.4+109.6-0.7+108.0

+96.0-8.6+104.6-4.9+100.8

—————

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

Change of control at TBZ with GRT Jewellers as new promoter. Public shareholders can exit at INR 249.61 per share, a premium to SPA price.