Tribhovandas Bhimji Zaveri Open Offer: ₹431.1 Cr
Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.
- Value
- ₹431.1 Cr
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Tribhovandas Bhimji Zaveri Limited received a draft letter of offer for an open offer from GRT Jewellers (India) Private Limited, valued at approximately ₹431.10 Crore.
ICRA placed TBZ on Rating Watch with Positive Implications following GRT Jewellers' proposed 74.12% stake acquisition. A-/A2+ ratings on ₹915 crore debt facilities face potential uplift.
TBZ filed 19th AGM proceedings covering FY25-26 financials adoption, Rs. 2.50 per share dividend, and director re-appointment. Promoters' full-stake SPA with GRT Jewellers was noted.
GRT Jewellers (India) Pvt Ltd has announced an open offer to acquire up to 1.72 crore shares of Tribhovandas Bhimji Zaveri Ltd at ₹249.01 per share.
GRT Jewellers (India) Private Limited announced an open offer for 25.88% of Tribhovandas Bhimji Zaveri Limited at ₹249.61 per share. Total offer consideration is ₹431.10 Crore.
Promoters of TBZ will sell their 74.12% stake to GRT Jewellers for up to ₹1,033.71 Crore, resulting in a change of control.
Tribhovandas Bhimji Zaveri Limited has scheduled its Annual General Meeting for September 9, 2026. Key agenda items include adopting FY26 financial statements and declaring a Rs. 2.50 dividend.
Tribhovandas Bhimji Zaveri Limited has issued its 19th Annual General Meeting notice and the Annual Report for FY 2025-26. The meeting is scheduled for September 9, 2026.
Tribhovandas Bhimji Zaveri Limited has appointed Ramnath Soundararajan as Head - Gold, effective August 11, 2026. He brings over eight years of experience in the jewellery industry.
Tribhovandas Bhimji Zaveri Ltd reported revenue from operations of ₹841 Cr (+34.8% YoY) and net profit of ₹33.9 Cr (+50.7% YoY) for Q1 FY27.