Sovereign wealth fund GIC, the Government of Singapore Investment Corp, has announced it will invest in India’s Reid & Taylor $209 million according to Businessweek.
The GIC Singapore investment with take more than a 25% stake in Reid & Taylor and continues to diversify the Singapore sovereign wealth fund’s portfolio.
Reid & Taylor, a wholly-owned subsidiary of S Kumars Nationwide, produces fabrics, apparel and home textiles and is a more than 100-year-old brand.
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