TBZ Shares Surge 20% After GRT Jewellers Deal

Tribhovandas Bhimji Zaveri (TBZ) is one of the biggest stock movers in today’s market, September 1, 2026. The shares surged nearly 20% to a record high of ₹366.80 after GRT Jewellers announced plans to acquire a 74.12% controlling stake in TBZ for about ₹1,034 crore. The acquisition values the deal at ₹209 per TBZ share, and GRT Jewellers is also expected to make a mandatory open offer for the remaining shares. The deal could significantly expand GRT’s presence beyond its stronghold in South India. TBZ has a strong presence in western India, creating potential geographic synergies between the two jewellery businesses. Trading volume in TBZ surged to more than 12 million shares, around 6.5 times its 30-day average. Investors are therefore watching the stock closely for further movement after today’s sharp rally.