Promoters Sell 74.12% Stake in TBZ to GRT Jewellers

Tribhovandas Bhimji Zaveri Limited (TBZ) has announced a significant change in its promoter group. A share purchase agreement (SPA) has been executed on August 31, 2026, between the existing promoters and promoter group members (Sellers) and GRT Jewellers (India) Private Limited (Acquirer). The Sellers will transfer 4,94,59,775 equity shares, representing 74.12% of the company's total paid-up equity share capital, to the Acquirer. Upon completion, GRT Jewellers will gain sole control of TBZ, and the Sellers will cease to hold any shares and be de-classified from the promoter group. The Acquirer is mandated to make a mandatory open offer to public shareholders.