Fair Competition
For Greater Good
भारतीय (cid:366)ित(cid:729)धा(cid:330) आयोग
Competition Commission of India
13th October 2026
PRESS RELEASE No. 69/2026-27
Commission approves acquisition of majority stake in Tribhovandas
Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
The proposed combination involves acquisition of majority stake in Tribhovandas
Bhimji Zaveri Limited (Target/...
Fair Competition For Greater Good भारतीय (cid:366)ित(cid:729)धा(cid:330) आयोग Competition Commission of India 13th October 2026 PRESS RELEASE No. 69/2026-27 Commission approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited The proposed combination involves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited (Target/ TBZ) by GRT Jewellers (India) Private Limited (Acquirer/GRT).
The Acquirer is a private limited company, primarily engaged in the manufacture and sale of gems and jewellery in India.
The Target is a publicly listed company, engaged in the business of manufacturing and sale of gems and jewellery in India.
Detailed order of the Commission will follow. *****