New Delhi, Sept. 2 -- Tribhovandas Bhimji Zaveri (TBZ) share price extended its gaining streak for second consecutive session, jumped over 11% in Wednesday's trading session.

The jewellery stock opened at Rs.380 apiece on Wednesday, as compared to previous close of Rs.366.80 on Tuesday. TBZ shares touched an intraday high of Rs.430 on NSE on 2 September.

The company said it has entered into a share purchase agreement (SPA) with the promoters of TBZ to acquire a 74.12% stake in the jewellery retailer.

According to an exchange filing dated August 31, TBZ said GRT will acquire the promoters' stake for an aggregate consideration of up to Rs.1,033.71 crore. Following the transaction, GRT will also make an open offer to acquire an additional...