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S Kumars Nationwide to raise Rs 600 crore via Reid and Taylor’s share sale

04 Mar 2013 Evaluate

S Kumars Nationwide (SKNL) is planning to mop up around Rs 600 crore by selling shares of its Reid and Taylor (India) unit through a qualified institutional placement (QIP), having put its initial public offer (IPO) plan on the back burner.

The company will utilise the raised fund for paying off its debt. SKNL’s debt-to-equity ratio stands at 1.83% for fiscal 2012.

S Kumars Nationwide is one of India’s leading textile and Apparel Company with expertise in multi-fiber manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles.

Peers
Company Name CMP
Vardhman Textiles 528.80
Welspun Living 249.65
Arvind 508.40
Raymond Lifestyle 551.50
K.P.R. Mill 1158.40
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