India, Oct. 14 -- The Competition Commission of India (CCI) has approved the proposed acquisition of a majority stake in listed jewellery retailer Tribhovandas Bhimji Zaveri Limited (TBZ) by GRT Jewellers (India) Private Limited.
GRT Jewellers is a privately held company primarily engaged in the manufacture and sale of gems and jewellery in India. TBZ is a publicly listed company operating in the same sector, with business activities spanning jewellery manufacturing and sales.
The CCI's approval clears the proposed transaction for GRT Jewellers to acquire a majority shareholding in TBZ.
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