Announced Fri, 11 Sept · 11:06 IST
TBZ credit ratings placed on watch with positive implications by ICRA
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
+5.1%1-day move
₹501.25
prior close
₹526.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+5.1+9.9+14.7+20.4+26.4—————
Up moveDown movePending
AI summary
ICRA has placed TBZ credit ratings on Rating Watch with Positive Implications. The existing long term rating ICRA A minus and short term ICRA A2 plus, covering 900 crore working capital and 15 crore term loans, are now under positive watch. This follows GRT Jewellers proposed acquisition of 74.12 percent stake in TBZ at up to 209 rupees per share, totalling about 1,034 crore rupees. The deal is subject to regulatory approvals and an open offer process.
Likely market impact
Positive signal as rating may be upgraded post GRT deal closure, reflecting stronger group backing and improved business profile.