GRT Jewellers, based by the Chairman G. Rajendran in 1964, is a longtime main jewelry retailers with 68 Shops throughout India and one retailer in Singapore.
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BIJOY GHOSH
Tamil Nadu’s fashionable and iconic jewelry model GRT Jewellers is trying to go nationwide.
Chennai-based GRT Jewellers is ready to amass a 74.12 per cent stake in Tribhovandas Bhimji Zaveri (popularly generally known as TBZ the Unique or TBZ) for ₹1,034 crore.
The jewelry majors introduced the signing of a share buy settlement (SPA) between GRT and TBZ, whereby the previous will purchase a 74 per cent stake held by the promoters of the listed entity, TBZ.
GRT mentioned it would additionally launch an open supply for the remaining 26 per cent, which is at the moment held by International Institutional Traders (1.47 per cent) and retail shareholders (24.4 per cent) as of June 2026.
TBZ’s market capitalisation is round ₹2,030 crore as on the time of writing.
The deal is topic to applicable regulatory approvals and customary closing situations.
TBZ has 162-year-old legacy
With a historical past relationship again to 1864, TBZ is considered one of India’s oldest jewelry retailers. The Mumbai-headquartered firm operates a community of 37 shops throughout the nation promoting gold, diamond and treasured jewelry.
“We’re really excited to amass the 162 years outdated legacy model TBZ. This very effectively matches into our technique of spreading our presence throughout India with TBZ having 37 Shops,” G.R. Ananthapadmanabhan, Managing Director of GRT Jewellers, mentioned in a press release.
Acquisition to strengthen pan-India presence
G.R. Radhakrishnan, Managing Director of GRT Jewellers, informed businessline that the acquisition helps the Group obtain a significant pan-India presence, and brings a number of synergies. “The complementary strengths of each organisations – their heritage, buyer relationships and merchandise portfolio, along with GRT’s retail capabilities and development orientation—create a strong retail expertise,” he added.
“What started 5 generations and 162 years in the past as a single storefront in Zaveri Bazaar and a household dream has grown via many years of relentless dedication into 37 areas throughout the nation. Seeing it step into the longer term with GRT fills me with immense delight. We all know that our heritage, our values, and our persons are in the very best palms to write down the subsequent nice chapter for TBZ,” Shrikant Zaveri, Chairman & Managing Director of TBZ, mentioned.
GRT operates 68 shops throughout India
GRT Jewellers, based by the Chairman G. Rajendran in 1964, is a longtime, main jewelry retailer with 68 Shops throughout India and one retailer in Singapore, using over 12,000 individuals. GRT Jewellers has round 6,50,000 sq.ft of retail area, a robust presence in e-commerce, and operates a couple of sub-brands, similar to Oriana for light-weight, inexpensive jewelry in gold and diamonds and Silvana for Silver.
Revealed on August 31, 2026
