New Delhi, Sept. 2 -- The Indian jewellery sector is seeing a wave of consolidation as established players race to expand geographically, strengthen digital channels and add new product categories.

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 Rs.1,033.71 crore. The deal reflects a broader shift towards a more organized, competitive sector.

What is driving this consolidation? Mint explains.

What is triggering the M&A activity in jewellery retailers?

Jewellers are using acquisitions to plug strategic gaps. GRT, for instance, has historically been concentrated in southern India. Acquiring TBZ gives it acc...