GRT Jewellers launches ₹431 crore open offer for remaining TBZ stake
GRT Jewellers issued a letter of offer to acquire TBZ’s remaining shares for ₹431 crore, after buying about a 75% promoter stake.
88 per cent, or 1,72,70,845 shares, of the jeweller for ₹431 crore. The move follows GRT’s recent purchase of about a 75% promoter stake in TBZ.