Aditya Birla Fashion and Retail ABFRL is acquiring TCNS Clothing and an open offer is being made for a consideration of INR 503 per equity share.
“On Amalgamation of the Target Company with the Company, the Company will issue its equity shares to the shareholders of the Target Company (other than itself towards the equity shares held by it in the Target Company) as per the below share exchange ratio: Brief details of change in shareholding pattern (if any) of listed entity 11 fully paid up equity shares of INR 10 each of the Company, for every 6 fully paid-up equity shares of INR 2 of the Target Company (“Share Exchange Ratio”).”