Singapore's GIC To Part Exit In Reid & Taylor IPO

VCCircle, 14 Dec 2010GIC had invested Rs 900 crore(~$200 million) in the apparel firm two years ago in one of the biggest such deals related to the textile sector. It had invested through Indivest Pte Ltd, an affiliate of GIC Special Investments and holds 25.61% of the company at present. Its average cost of acquisition of shares is pegged at Rs 262 a piece. Full story