| From Vccircle.com: Kasliwals are looking to raise Rs 500 crore ($110 million) through fresh issue of shares in a public float of Reid & Taylor, a separate garment company which sells brands such as Reid & Taylor and Stephen’s Brothers.
GIC had invested Rs 900 crore(~$200 million) in the apparel firm two years ago in one of the biggest such deals related to the textile sector. It had invested through Indivest Pte Ltd, an affiliate of GIC Special Investments and holds 25.61% of the company at present..............................................Full Article: Source
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