Announced Tue, 15 Sept · 20:40 IST
GRT Jewellers open offer for TBZ at Rs 249.61 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
+9.1%1-day move
₹527.00
prior close
₹525.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-3.4-3.2-2.9+9.1+14.5+20.2———————
Up moveDown movePending
AI summary
TBZ has received the Draft Letter of Offer from GRT Jewellers (India) for an open offer to acquire up to 1.72 crore equity shares (25.88 percent of voting capital) at Rs 249.61 per share. This follows the Share Purchase Agreement signed on Aug 31, 2026 for sale of 4.94 crore shares (74.12 percent) by promoter sellers at Rs 209 per share. Axis Capital is the manager to the offer and KFin Technologies is the registrar. Tendering period is Oct 26 to Nov 6, 2026.
Likely market impact
Public shareholders can tender shares at Rs 249.61 between Oct 26 and Nov 6, 2026. Promoters are exiting, signalling a change of control.