Aditya Birla Fashion to raise up to ₹800 crore for TCNS acquisition

Aditya Birla Fashion & Retail (ABFRL) will raise ₹700-800 crore in debt to help fund the acquisition of TCNS Clothing, a top company official said.

“For funding, we probably need about ₹700 to 800 crore through external debt, which we will have to raise… The remaining ₹800 crore will be funded through internal accruals,” Ashish Dikshit, managing director of ABFRL told ET. “Our balance sheet is strong enough to raise that.”