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The Economic Times

Somanjali Das

TBZ shares zoom 20%, hit upper circuit after GRT Jewellers open offer

Tribhovandas Bhimji Zaveri (TBZ) shares surged 20% to hit their upper-circuit limit during Tuesday’s trading session on the National Stock Exchange (NSE) after GRT Jewellers (India) announced an open offer as part of a deal to acquire control of the listed jewellery retailer.

The stock jumped Rs 61.10, or 19.99%, to Rs 366.80 on the NSE, compared with its previous close of Rs 305.70. It opened at Rs 315 and touched a low of Rs 313.10 before rallying to the upper circuit level.

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