Malabar Gold Sells 0.82% Stake in Tribhovandas Bhimji Zaveri
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Malabar Gold Sells 0.82% Stake in Tribhovandas Bhimji Zaveri
M
Moneycontrol•09-02-2026, 21:32
Malabar Gold Sells 0.82% Stake in Tribhovandas Bhimji Zaveri
•Malabar Gold and Diamonds offloaded a 0.82% equity stake in Tribhovandas Bhimji Zaveri (TBZ) through open market transactions on February 9.
•The sale involved 5.49 lakh shares at Rs 170.68 per share, totaling Rs 9.38 crore.
•This follows a previous 0.79% stake sale by Malabar Gold in TBZ on January 19; Malabar Gold held 2.89% in TBZ as of December 2025.
•TBZ shares rose 4.27% to Rs 168.19, potentially due to an India-US interim trade agreement.
•Other market activities included Venky's (India) falling 6.92% after Tasha Enterprises sold a 0.88% stake, and Arihant Bharat Advantage Fund acquiring 0.5% in Jainik Power and Cables.