Aditya Birla Fashion has completed the acquisition of 1,87,12,577 equity shares being 29% of the Expanded Share Capital (as defined in the letter of offer for the Open Offer) of TCNS Clothing Co. pursuant to the Open Offer, in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendment thereto. The acquisition of Sale Shares (as defined in the letter of offer for the Open Offer) under the SPA (as defined in the letter of offer for the Open Offer) will be completed within the time period stipulated under the SPA.
Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.
