B4U India: S Kumars to form Reid & Taylor subsidiary

S Kumars to form Reid & Taylor subsidiary
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reuters india on 27 November, 2007 10:32:00
 
MUMBAI (Reuters) - Textiles firm S Kumars Nationwide Ltd said on Tuesday its
board has approved forming a subsidiary of its luxury textiles and
ready-to-wear division 'Reid & Taylor' to focus on the business.
The company then plans to invite private equity investment and enter the
capital market with an initial public offering of Reid & Taylor (India) Ltd, it
said.