GIC, which manages more than $100 billion in funds globally, will make the investment through a purchase of new shares and warrants. GIC will route the investment through an affiliate company, Indivest. The deal values 100% of Reid Taylor India on an equity value basis at Rs35.4 billion.
The remaining 74.6% of Reid Taylor will continue to be owned by its parent S Kumars Nationwide, whose businesses include fabrics, apparel and home textiles as well as fibre categories such as natural,...
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