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.
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.
TBZ reported a stellar Q4 FY26 with 56.74% revenue growth and 558.85% PAT growth YoY. Strategy focuses on retail footprint expansion and insight-led brand campaigns.
Tribhovandas Bhimji Zaveri Ltd reported revenue from operations of ₹829.7 Cr (+56.8% YoY) and net profit of ₹67.6 Cr (+611.6% YoY) for Q4 FY26.