The Competition Commission of India (CCI) has approved the 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.

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KT/ONP

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