Aditya Birla Fashion & Retail engages in the business of manufacturing and retailing of branded apparels, footwear, and accessories for men, women, an...Read more
5,000 - 9,999
N/A
abfrl.com
Public
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Aditya Birla Fashion Retail acquires 51% stake in TCNS Clothing for Rs 1,650 crore
Aditya Birla Fashion Retail has completed the acquisition of a 51% stake in TCNS Clothing to become a promoter of the women's apparel brand. "The company has acquired 51% of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late-night regulatory filing on Tuesday.
28 Sep 2023
Aditya Birla Fashion to raise up to ₹800 crore for TCNS acquisition
"For funding, we probably need about 700 to 800 crore through external debt, which we will have to raise... The remaining 800 crore will be funded through internal accruals," Ashish Dikshit, managing director of ABFRL told ET.
7 May 2023
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