Aditya Birla Fashion & Retail: How will the TCNS acquisition affect the company?
Aditya Birla Fashion & Retail (ABFRL) will acquire a controlling stake in TCNS Clothing (TCNS) The acquisition paves the way for ABFRL to have a comprehensive play in women ethnic-wear maker TCNS. Deal to be EPS neutral on FY25 basis.
Highlights: To acquire a controlling stake in TCNS Clothing Acquisition fills a key white space in the ethnic wear segment To scale up TCNS revenues; aims to achieve Pre-COVID profitability by FY25 Deal to be EPS neutral on FY25 basis Aditya Birla Fashion & Retail (ABFRL; CMP: Rs 207; market cap: Rs 19,635 cr) will acquire a controlling stake in TCNS Clothing (TCNS) and eventually merge the women ethnic-wear maker with itself. The acquisition paves the way for ABFRL to have a comprehensive play in...
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