Reid and Taylor issue size about Rs 1,000 cr: S Kumars

Speaking about the Reid and Taylor IPO, which is awaiting clearance from the Securities and Exchange Board of India (SEBI), S Kumars' chairman Nitin Kasliwal said it can hit the market by June 2011.

S Kumars' holds 75.5% stake in Reid and Taylor and GIC Singapore holds 24.5%. It had filed draft red herring prospectus (DRHP) with market regulator SEBI in December 2010. Sources had told CNBC-TV18 in early May that the IPO is likely to be launched with valuation of nearly USD 1 billion. "The issue is slated to be at about Rs 1,000 crore size," Kasliwal said. Also read: Retailers want speedy reforms to allow FDI in multi-brand Below is the transcript of his interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: How soon the Reid and Taylor IPO hits the market? What kind of size you are coming in with? A: Reid and Taylor IPO, we are expecting SEBI clearance any day now, it