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The Economic Times

GRT Jewellers seeks control of Tribhovandas Bhimji Zaveri in up to $109 million deal

BENGALURU: Tribhovandas Bhimji Zaveri said on Monday that GRT Jewellers India will acquire a 74.12% stake in the company for up to 10.34 billion rupees ($108.66 million), taking control of the jewellery retailer.

Based on Tribhovandas Bhimji Zaveri's ‌market capitalisation of ⁠20.38 billion ⁠rupees, the stake is valued at about 15.11 billion rupees.

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One subscription that gives you access to news from hundreds of sites

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