TBZ Ltd: GRT Jewellers launches Open Offer for 25.88% stake

Tribhovandas Bhimji Zaveri Limited (TBZ) has announced an open offer from GRT Jewellers (India) Private Limited to acquire up to 1,72,70,845 equity shares, representing 25.88% of the company's voting share capital. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Axis Capital Limited is acting as the manager to the offer. The detailed public statement follows a prior disclosure on August 31, 2026, and was published on September 7, 2026. The offer size is slightly below the minimum 26% requirement as per Regulation 7(1) of SEBI (SAST) Regulations, but it represents the total equity shares held by public shareholders.