Business News | CCI Approves Acquisition of TCNS Clothing by Aditya Birla Fashion and Retail
Get latest articles and stories on Business at LatestLY. The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited.
New Delhi [India], June 28 (ANI): 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 Birla conglomerate. It is engaged in retailing of branded products within the apparel, footwear and accessories segment, through its retail stores, online retail platforms and e-commerce marketplaces.
The target company TCNS Clothing Co. Limited is a listed firm engaged in the business of manufacturing, distribution and sale of women's apparel, jewellery, footwear, and beauty products, currently undertaken under the brands -- W, Aurelia, Wishful, Elleven and Folk Song. (ANI)
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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)