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Aditya Birla Fashion gains on acquiring 51% stake in TCNS Clothing

27 Sep 2023 Evaluate

Aditya Birla Fashion and Retail is currently trading at Rs. 216.20, up by 1.35 points or 0.63% from its previous closing of Rs. 214.85 on the BSE.

The scrip opened at Rs. 215.60 and has touched a high and low of Rs. 217.10 and Rs. 214.95 respectively. So far 30919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.40 on 02-Nov-2022 and a 52 week low of Rs. 184.40 on 23-May-2023.

Last one week high and low of the scrip stood at Rs. 223.40 and Rs. 214.15 respectively. The current market cap of the company is Rs. 20562.90 crore.

The promoters holding in the company stood at 55.47%, while Institutions and Non-Institutions held 31.07% and 13.46% respectively.

Aditya Birla Fashion and Retail has completed the acquisition of a 51 per cent stake in TCNS Clothing to become a promoter of the women's apparel brand. TCNS has become a subsidiary of the company, and will also be a material subsidiary of the company in accordance with SEBI Listing Regulations. 

As per the deal, it acquired TCNS Clothing's founding promoter's stake through an SPA (Share Purchase Agreement), followed by an open offer. 

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.

Aditya Birla Fashion Share Price

64.24 0.40 (0.63%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Aditya Birla Lifesty 105.86
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