S Kumars to raise funds by listing Reid & Taylor, which GIC owns 25% stake

The Economic Times, 18 Mar 2010
MUMBAI: Textiles maker S Kumars Nationwide Ltd is looking to raise between $100 million to $150 million by listing its subsidiary, Reid & Taylor, in the next six months, a top official said on Thursday.
S Kumars currently holds about 75 per cent in Reid & Taylor, with Singapore's GIC owning the rest. In June 2008, GIC Special Investments had agreed to invest Rs 9 billion in Reid & Taylor through a fresh issue of shares and warrants. Full Story

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