On May 5, Aditya Birla Group firm had announced that it will acquire a majority stake in TCNS Clothing, in a deal worth Rs 1,650 crore.

Aditya Birla Fashion Acquires 51% Stake In TCNS Clothing, Becomes Promoter

In a separate filing, the company said that it has completed the acquisition of a 29% stake in TCNS Clothing Ltd. pursuant to the open offer.

Aditya Birla Fashion To Raise Rs 750 Crore

TCNS Clothing Co. is a women’s apparel company which owns brands like W and Aurelia.

TCNS Clothing Shares Gain After Aditya Birla Fashion Gets Acquisition Nod From CCI

“The proposed combination involves acquisition of 51 percent of the Expanded Share Capital of the Target by the Acquirer TCNS Clothing Co. Limited (Target) by the Aditya Birla Fashion and Retail Limited (Acquirer),” the competition watchdog said in a press release.

TCNS Clothing gains 2% after Aditya Birla Fashion and Retail gets acquisition nod

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Key Stocks In Focus: HDFC Limited, HDFC Life, Ramco Cements, TCNS Clothing, BSE, Orchid Pharma

Buzzing stocks of SBI, HDFC, NDTV, Titagarh Rail, Gland Pharma, GR Infraprojects, TCNS Clothing, Aditya Birla Fashion, Swan Energy

Stocks to watch on June 28, 2023

Deals beyond a certain value require approval from CCI, as it keeps a tab on unfair business practices in the marketplace.

CCI Clears Aditya Birla Fashion Retail’s Stake Purchase In TCNS Clothing

The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co Limited (TCNS) by Aditya Birla Fashion and Retail Limited (ABFRL).

CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion

Aditya Birla Fashion and Retail has acquired ethnic wear retailer TCNS Clothing in a cash and share swap deal for a total cash consideration of ₹1,650 crore. TCNS will be merged into ABFRL in a share swap deal, with shareholders of TCNS receiving 11 shares of ABFRL for every six shares held. The acq…

TCNS acquisition completes apparel portfolio for Aditya Birla Fashion: Ashish Dikshit

Acquisition to make deeper inroads into women ethnic wear

Aditya Birla Fashion Acquires TCNS Clothing: Motilal Oswal

The value of the promoter stake for TCNS, ABFRL said, is ~Rs 1,650 crore for the 51 per cent stake.