Textiles maker S Kumars Nationwide Ltd is looking to raise between $100 million to $150 million by listing its subsidiary, Reid & Taylor, in the next six months, a top official said on Thursday.
The company is also talking to private equity firms to spin off its brand ''Belmonte'', managing director and vice chairman Nitin Kasliwal told Reuters in an interview.
"It will take about six months for the listing, we may also do it earlier," Kasliwal said.
"Part of the IPO proceeds would go for retail expansion, part for capacity expansion, and part of it to increase our presence in overseas markets," he added.
Comments