GRT’s proposed TBZ takeover and Lalithaa’s expansion lift jewellery-sector sentiment
Jewellery stocks gained as investors priced in festive and wedding demand. GRT Jewellers has proposed acquiring a 74.12% stake in TBZ and launched an open offer, while Lalithaa Jewellery opened its 66th showroom in Mayiladuthurai after reporting 26% year-on-year June-quarter revenue growth.
What happened
Tribhovandas Bhimji Zaveri (TBZ) · Indian jewellery stocks rose on expectations of resilient festive and wedding demand. GRT’s proposed controlling acquisition
Key facts
- TBZ shares rose 4.99% to Rs 603.55
- Thangamayil rose 4.75% to Rs 5,039.50
- Lalithaa rose 4.99% to Rs 304.90
- PC Jeweller rose 2.43% to Rs 12.65
- Bluestone rose 2.15% to Rs 849.10
- GRT proposes to acquire 4,94,59,775 TBZ shares, or 74.12%
- Open offer covers up to 1,72,70,845 TBZ shares, or 25.88%, at Rs 249.61 per share
- Open offer scheduled Oct. 26-Nov. 6, 2026
- Lalithaa opened its 66th showroom, up from 61 in April 2026
- Lalithaa June-quarter revenue grew 26% year-on-year
Why this matters
GRT’s proposed 74.12% TBZ acquisition and open offer highlight consolidation potential in organised jewellery retail, with scale, brand positioning and integration synergies central to deal value.