Announced Mon, 7 Sept · 18:54 IST

Detailed Public Statement for Open Offer by GRT Jewellers

Listed Co AcquisitionOpen Offer TriggeredStrategic 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 reaction · full curve 14 horizons · vs prior close

+0.2%1-day move

₹528.90

prior close

₹555.30

base price

After-mkt

timing

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+0.0+0.0+0.0+0.0+0.2-5.2-0.5-0.4+4.1+14.1————

Up moveDown movePending

AI summary

TBZ received the Detailed Public Statement for an Open Offer by GRT Jewellers (India) Pvt Ltd following a Share Purchase Agreement dated 31 August 2026. Under the SPA, GRT Jewellers will buy 4,94,59,775 equity shares (74.12 percent) from existing promoters at up to INR 209 per share, about INR 1,033.70 crore total, and will become the new promoter. The mandatory open offer is for up to 1,72,70,845 shares (25.88 percent) from public shareholders at INR 249.61 per share, about INR 431.10 crore total. Subject to CCI and lender approvals.

Likely market impact

Change of control incoming. Existing promoter family exits. Public shareholders can tender shares at INR 249.61.