Get latest articles and stories on Business at LatestLY. TCNS Clothing (TCNS), India's leading women's ethnic-focused fashion player, today announced that it has entered into definitive agreements for combining with ABFRL, India's leading fashion & apparel company, and a part of the Aditya Birla Group. The transaction entails a combination of TCNS into ABFRL and will be carried out through - (1) Acquisition of the founding promoter's stake through a SPA and a conditional public open offer followed by (2) Merger between the two entities. Business News | TCNS to Merge with Aditya Birla Fashion and Retail Limited (ABFRL).