The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves the acquisition of 51 per cent of the “expanded share capital”. The acquirer Aditya Birla Fashion and Retail Limited is a listed company and is part of the Aditya […]
Aditya Birla Fashion and Retail (ABFRL) is picking up 29 per cent stake (1,87,08,227 shares) in TCNS Clothing. ABFRL has made a conditional open offer to acquire up to 29 per cent stake at Rs 503 per share from public shareholders and acquire the remaining stake from the founder promoters to reach an overall shareholding […]
Aditya Birla Fashion and Retail (ABFRL) on Friday said it will acquire 51 per cent of TCNS Clothing for Rs 1,650 crore. The deal will be undertaken with acquisition of promoter’s stake through a SPA and a conditional public open. The size of deal means that it would be one of the largest deals in […]
