{"id":73561,"date":"2022-11-16T14:38:00","date_gmt":"2022-11-16T09:08:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73561"},"modified":"2022-11-16T14:35:42","modified_gmt":"2022-11-16T09:05:42","slug":"reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company\/","title":{"rendered":"Reliance, Tata, and Nykaa among others in the race to buy a stake in this retail company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2858044942\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of TCNS Clothing Co Ltd gained more than 8 per cent in the early hours of Wednesday and were trading at Rs 605 levels. The stocks rallied after a media report suggested that some of the big players in the retail segment such as Reliance Retail, Aditya Birla Fashion, Trent Ltd, and Nykaa are interested to buy major stakes in the company.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3286804754\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per the September 2022 quarter, the promoters of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TCNSBRANDS\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">TCNS Clothing<\/a><\/strong> hold a 32.25 per cent stake in the company. Apart from this, the other major holder in the company is TA Associates, a private equity firm, with around 29 per cent stake.\u00a0<\/p><p>The above-mentioned companies are bidding to acquire the stake of TA Associates. As per the media reports, the talks may also see the promoters of the company selling part or whole of their stake to these companies. Avendus Capital is said to be advising the private equity firm on the stake sale.&nbsp;<\/p><p>TCNS Clothing Co. Ltd., founded in 1997, is a leading exclusive women&#8217;s ethnic\/fusion apparel company that offers fashion in a modern retail setting. It includes brands such as W, Wishful, Aurelia, and Elleven.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-726670127\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Q2FY23, the company reported a total revenue of Rs 350 crore which increased from Rs 239 crore in the same period a year earlier. Their net profit in the period stood at Rs 7 crore which is a decline from Rs 11 crore in Q2FY22.&nbsp;<\/p><p>The small-cap company has a market capitalization of Rs 3,743 crore as of November 16th, 2022, and has zero debt on its balance sheet.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3257901713\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of TCNS Clothing Co Ltd gained more than 8 per cent in the early hours of Wednesday and were trading at Rs 605 levels. The stocks rallied after a media report suggested that some of the big players in the retail segment such as Reliance Retail, Aditya Birla Fashion, Trent Ltd, and Nykaa [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[5166,63,755,5167,2363,2822,2727],"class_list":["post-73561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-nykaa-latest-news","tag-reliance-industries","tag-reliance-industries-news","tag-reliance-latest-news","tag-tata-group","tag-tata-groups","tag-tata-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance, Tata, and Nykaa among others in the race to buy a stake in this retail company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance, Tata, and Nykaa among others in the race to buy a stake in this retail company\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of TCNS Clothing Co Ltd gained more than 8 per cent in the early hours of Wednesday and were trading at Rs 605 levels. The stocks rallied after a media report suggested that some of the big players in the retail segment such as Reliance Retail, Aditya Birla Fashion, Trent Ltd, and Nykaa [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-16T09:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Mukesh-Ambani.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Mukesh-Ambani.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/reliance-tata-and-nykaa-among-others-in-the-race-to-buy-a-stake-in-this-retail-company\/\",\"name\":\"Reliance, Tata, and Nykaa among others in the race to buy a stake in this retail company\u00a0 - 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