Promoter Reclassification30 Oct 2026, 03:05 pm
Tribhovandas Bhimji Zaveri: Promoter Reclassification Complete
AI Summary
Tribhovandas Bhimji Zaveri Ltd has announced the completion of the sale and transfer of 74.12% equity shares to GRT Jewellers (India) Private Limited. This transaction triggers a mandatory open offer and results in a promoter reclassification. The erstwhile promoters, Mr. Shrikant Gopaldas Zaveri and associated entities, have ceased to be promoters and now hold no equity shares in the company. GRT Jewellers (India) Private Limited has acquired control and become the new promoter.
Key Highlights
- Sale of 74.12% stake completed on October 30, 2026.
- GRT Jewellers (India) Pvt Ltd is the new promoter.
- Previous promoters have exited completely.
- Mandatory open offer was triggered by the share purchase agreement.
Price Impact
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