Exclusive: GIC may swap stake in Reid & Taylor with debt-laden listed parent S Kumars

29 May, 2015

Singapore sovereign wealth fund GIC may get to swap stake in Reid & Taylor with the listed parent S Kumars Nationwide (SKNL), a company executive told VCCircle. Although this could provide a future liquidity window for GIC, given the state of affairs of debt-laden SKNL, it may not be much of a bailout for its seven-year-old investment.


Leave Your Comment
S Kumars Leads Race To Acquire Barack Obama's Tailor

S Kumars Leads Race To Acquire Barack Obama’s Tailor

Madhav A Chanchani 8 years ago
Textile major S Kumars Nationwide Ltd (SKNL) is close to acquiring the tailor of US President Barack Obama. Hartmarx, the bankrupt US suitmaker, has accepted...
Singapore's GIC To Part Exit In Reid & Taylor IPO

Singapore’s GIC To Part Exit In Reid & Taylor IPO

Pallavi S 7 years ago
Kasliwals are looking to raise Rs 500 crore (~$110 million) through fresh issue of shares in a public float of Reid & Taylor, a separate...
News Roundup: PE Consortium to Buy Majority Stake in DLF Assets

News Roundup: PE Consortium to Buy Majority Stake in DLF Assets

TEAM VCC 8 years ago
PE Funds to Buy Majority stake in DLF Assets – A consortium of private equity funds, including UAE’s leading financial institution Taib Bank, the Blackstone...
No Comments

Exclusive: GIC may swap stake in Reid & Taylor with debt-laden listed parent S Kumars

Powered by WordPress.com VIP