04 Sep 2026
Deal: Trilegal advised GRT Jewellers on proposed INR 1,034 crore acquisition of 74.12% stake in Tribhovandas Bhimji Zaveri
09 Sep 2026
09 Sep 2026
Trilegal advised GRT Jewellers India Private Limited (GRT) in connection with its proposed acquisition of 74.12% of Tribhovandas Bhimji Zaveri Limited (TBZ) from its promoters and members of the promoter group, subject to approval from the Competition Commission of India, and completion of identified conditions precedent.
Pursuant to the proposed acquisition, GRT has initiated a mandatory open offer to the public shareholders of TBZ to acquire up to 25.88% of the total equity share capital of TBZ.
The transaction is the second-largest M&A transaction in the Indian jewellery industry to date. The acquisition will provide GRT access to TBZ’s retail network of 37 stores across India along with the TBZ brand and its associated intellectual property, thereby accelerating GRT’s objective of becoming a pan-India jewellery retailer.
The Trilegal Corporate Team advising on the matter was led by Partners: Ashwyn Misra and Deep Choudhuri; and supported by Senior Associates: Teeshta Bissa and Jatin Sharma; and Associates: Anuraag Pillai, Shubhangi Singh, Niti Gosrani, Rohit Krishna, and Anthara N.
The Trilegal Employment Team advising on the matter was led by Partner: Kanishka Maggon; and Associate: Abhijeet Singh.
The Trilegal Intellectual Property Team advising on the matter was led by Partner: Kirti Balasubramanian; and Associate: Paarth Samdani.
The Trilegal Real Estate Team advising on the matter was led by Partner: Rahul Arora; and comprised Senior Associate: Yashasvi Gupta; and Consultants: Virendra Bapat, Meghana Reddy Pulugu, and Shivek Jhanda.
The Trilegal Competition Team advising on the matter was led by Partner: Gautam Chawla; and supported by Counsel: Ankush Walia; Senior Associate: Madhav Kapoor; and Associates: Archit Jain and Shambhavi Sirothia.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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