Reid & Taylor plans $1bn IPO by early June

Reid & Taylor, a subsidiary of S Kumars Nationwide (SKNL), is likely to launch its initial public offering in early June with valuation of nearly USD 1 billion, reports CNBC-TV18 quoting sources.

May 03, 2011 / 16:45 IST

live

bselive
nselive

Volume

Todays L/H

Reid & Taylor, a subsidiary of S Kumars Nationwide (SKNL), is likely to launch its initial public offering in early June with valuation of nearly USD 1 billion, reports CNBC-TV18 quoting sources.

Sources also say that the road show for the IPO is going on in Europe and US regions.

S Kumars holds 75.5% stake in the company and GIC Singapore holds 24.5%.

first published: May 3, 2011 12:22 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347