Indivest Pte Ltd, an affiliate of GIC Special Investments ("GIC SI") will invest Rs 900 crores in Reid & Taylor through a fresh issue of shares and warrants
After this deal of post-conversion, GIC SI would own 25.4 per cent of Reid & Taylor, valuing the company at Rs 3,540 crore
This investment helps and strengthen Reid & Taylor business and their ability to grow in the luxury fabric and apparel and other textile segments.
