Tribhovandas Bhimji Zaveri Completes 74.12% Stake Sale To GRT Jewellers

Promoters sold 74.12% to GRT Jewellers on 30 Oct 2026; TBZ became GRT subsidiary; SPA amended to defer lender releases post-close; GRT nominees appointed MDs as Zaveri family resigned. First full promoter exit ending Zaveri control; closes Aug change-of-control with CCI cleared, lender releases deferred to acquirer; shifts TBZ under much larger GRT Group. Control passes to two GRT managing directors and Dy CEO; outgoing family retained transitionally; committees reset; shareholder nod, open-offer outcome and lender releases still pending.