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.
| Company Name | CMP |
|---|---|
| Welspun Living | 125.45 |
| Vardhman Textiles | 557.75 |
| Arvind | 387.20 |
| K.P.R. Mill | 926.40 |
| Page Industries | 37935.70 |
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