Aditya Birla Fashion and Retail Limited (ABFRL) has acquired TCNS Clothing Co. Limited. (TCNS).
As part of the transaction, ABFRL is to acquire 51% stake in TCNS by way of a share purchase from the promoters of the TCNS, followed by a conditional open offer to the TCNS’ public shareholders, and subsequent merger of the TCNS in ABFRL.
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the transaction.
The transaction team was led by Nivedita Rao (Partner & Deputy Head – Corporate), Ruetveij Pandya (Partner), Anand Jayachandran, (Partner); with support from Abhilasha Malpani (Principal Associate), Sheetal S (Senior Associate), Anushka Jain (Senior Associate), Kritika Dobhal (Associate), Ayushi Singh (Associate), Vishvas Bharadwaj (Associate), Rohit Maheshwary (Associate), Ipkshita Singh (Associate) and Alok Agrawal (Associate).
Avaantika Kakkar (Partner and Head-Competition), Kirthi Srinivas (Partner), Shivani Sathe (Associate), Shruti Khaitan (Associate) and Vanya Agarwal (Associate) assisted in the Competition law related advisory.
Pallavi Rao (Partner), Shatrajit Banerji (Principal Associate) and Shubhaankar Ray (Associate) assisted in the IP related advisory.
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