Malabar Gold Sells 0.8% Stake in Tribhovandas Bhimji Zaveri for Rs 8.75 Crore

Business
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Moneycontrol•19-01-2026, 21:41
Malabar Gold Sells 0.8% Stake in Tribhovandas Bhimji Zaveri for Rs 8.75 Crore
- •Malabar Gold and Diamonds offloaded a 0.8% stake (5.28 lakh shares) in Tribhovandas Bhimji Zaveri (TBZ) through open market transactions on January 19.
- •The shares were sold at Rs 165.54 each, totaling Rs 8.75 crore.
- •TBZ shares rose 0.88% to Rs 164.73 but remained below key moving averages.
- •Malabar Gold's stake in TBZ decreased from 2.89% (as of December 2025) after this transaction.
- •Other market activities included Unicorn Fund selling a 0.52% stake in Greenleaf Envirotech and PESB Alpha Fund acquiring a 0.73% stake in Gabion Technologies India.
Why It Matters: Malabar Gold and Diamonds reduced its stake in TBZ, while other funds made strategic moves in different companies.
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