CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion

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

The proposed combination involves acquisition of 51% of the Expanded Share Capital of TCNS Clothing Co. Limited by the Aditya Birla Fashion and Retail Limited.

Aditya Birla Fashion and Retail 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.

Further, TCNS Clothing is a listed company engaged in the business of manufacturing, distribution and sale of women’s apparel, jewellery, footwear, and beauty products, currently undertaken under the brands i.e., W, Aurelia, Wishful, Elleven and Folk Song. 

Source: Media Reports