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Former Delhi Sikh Gurdwara Management Committee chief and now BJP leader Manjinder Singh Sirsa revealed that Home Minsiter Amit Shah and BJP president
Mumbai, May 8: 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.
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 ...
ABFRL said it will make a conditional open offer to acquire up to a 29 per cent stake at Rs 503 per share from public shareholders and acquire the remaining stake from the founder promoters to reach an overall shareholding of 51 per cent in TCNS.
The Supreme Court's observations on the GST Council's recommendations could majorly upset the One India, One Tax regime