Announced Mon, 7 Sept · 18:33 IST
GRT Jewellers open offer for 25.88 percent of TBZ at INR 209 per share
TBZ · price
▲ 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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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
GRT Jewellers (India) will acquire up to 1.72 crore shares (25.88 percent) of Tribhovandas Bhimji Zaveri (TBZ) from public shareholders at INR 209 per share. This follows an SPA with promoter sellers for 4.94 crore shares (74.12 percent stake) at about INR 1,033.7 crore. Open offer total value is about INR 360.8 crore. Tendering period: October 26 to November 6, 2026. Axis Capital is the manager to the offer.
Likely market impact
Public shareholders get an exit at INR 209 per share. Attractiveness depends on market price and premium to recent trading on BSE and NSE.