Mint Explainer | Why India’s jewellery giants are racing to consolidate
On Monday, Chennai-based GRT Jewellers India Pvt. Ltd decided to acquire a 74.12% stake in listed jewellery retailer Tribhovandas Bhimji Zaveri Ltd, known as TBZ The Original, from its promoters for ₹1,033.71 crore. The deal reflects a broader shift towards a more organized, competitive sector.
