Announced Mon, 31 Aug · 17:32 IST
GRT Jewellers to acquire 74.12% promoter stake in TBZ for up to Rs 1,033.71 Cr
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
+36.4%1-day move
₹304.40
prior close
₹315.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.7+16.4+11.7+16.4+36.4+48.9+58.0+73.8+82.4+64.7————
Up moveDown movePending
AI summary
GRT Jewellers to acquire 74.12% promoter stake in TBZ for up to Rs 1,033.71 Cr via Share Purchase Agreement, subject to regulatory approvals. GRT will launch open offer for additional 26% per SEBI norms. TBZ has 37 stores; GRT has 68 India stores plus Singapore presence.
Likely market impact
Major change of control at TBZ. Shareholders may get open offer exit at premium. Combined entity could become stronger pan-India jewellery player.