The Competition Commission of India (CCI) on Tuesday approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited. As per the press release, the acquisition involves 51 percent of the Expanded Share Capital of the Target by the Acquirer TCNS Clothing by the Aditya Birla Fashion and Retail.

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TCNS Clothing is a listed company engaged in the business of manufacturing, distribution and sale of women’s apparel, jewellery, footwear, and other beauty products under the brands such as W, Aurelia, Wishful, Elleven and Folk Song. Company’s list of businesses also involves wholesale cash and carry trading (including sale through franchisee outlets) of products in the aforementioned categories.

Part of the Aditya Birla conglomerate, Aditya Birla Fashion and Retail is engaged in retailing of branded products within the apparel, footwear and accessories segment on multiple platforms both online and offline.

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First Published:Jun 27, 2023 7:07 PM IST