S Kumars Intends To Open Reid & Taylor IPO in Jan-Feb

S. Kumars textile major recently increased USD 50 mn through a QIP at Rs,80 per share. The firm further intends to increase additional fund’s by Jan-Feb via an IPO of its high-class textiles segment Reid and Taylor, chairman Nitin-Kasliwal said .

In a special interview along with Udayan Mukherjee as well as Sonia Shenoy, he explained that the Initial public offer size is seen at United states dollar 200 to 250 mn. We will utilize about USD 100 mn from the Initial public offer to settle SKNL debt, thus decreasing total debt to Rs 2,000 cr by FY12end

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