CCI approves GRT Jewellers’ acquisition of majority stake in TBZ
New Delhi, Oct 14 (TNT): The Competition Commission of India (CCI) has approved the acquisition of a majority stake in listed jewellery company Tribhovandas Bhimji Zaveri Limited (TBZ) by GRT Jewellers (India) Private Limited.
According to the proposed combination, GRT Jewellers will acquire a majority stake in TBZ, with both companies engaged in the manufacture and sale of gems and jewellery in India, a release said on Wednesday.
GRT Jewellers (India) Private Limited is a private limited company primarily engaged in the manufacture and sale of gems and jewellery, while TBZ is a publicly listed company operating in the same sector.
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