S Kumars Nationwide rose 0.28% to Rs 106.25 at 15:25 IST on BSE after the company said GIC Special Investments will invest Rs 900 crore in its unit Reid & Taylor through a fresh issue of shares and warrants.
The stock hit a high of Rs 108.70 and a low of Rs 105.05 so far during the day. The stock had a 52-week high of Rs 177.90 on
The company has an equity capital of Rs 215.35 crore. Face value per share is Rs 10.
The current price of Rs 106.25 discounts its Q4 March 2008 annualised EPS of Rs 6.68, by a
PE multiple of 15.9.
GIC Special Investment (GIC SI), is the private equity investment arm of Government of Singapore Investment Corporation (GIC). Post-conversion, GIC SI would own 25.4% of Reid & Taylor, valuing it at Rs 3,540 crore. S Kumars Nationwide will own 74.6% of Reid & Taylor (
GIC SI's investment in Reid & Taylor will help to substantially strengthen Reid & Taylor and SKNL's businesses and their ability to grow in the luxury fabric and apparel and other textile segments of the textile industry, where it is already a market leader.
S.Kumars Nationwide’s net profit rose 60.6% to Rs 35.06 crore on 3% increase in net sales to Rs 382.70 crore in Q4 March 2008 over Q4 March 2007.
The company operates in product categories such as fabrics, apparel, and home textiles and in fiber categories such as natural, man-made, and blended.
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