Brief: Singer India Says Retail Holdings(India) B.V. To Sell Stake In RHIB To Two Private Equity Investors

Singer India

21/12/2021 06:00

Dec 21 (Reuters) - Singer India Ltd  SNGR.BO :
    * SINGER INDIA SAYS RETAIL HOLDINGS (INDIA) B.V. (RHIB) TO
SELL
57.6% STAKE IN RHIB TO TWO UK PRIVATE EQUITY INVESTORS
    * SINGER INDIA SAYS CURRENT STAKE IN CO WILL CONTINUE TO BE
HELD
BY RHIB IS 57.65%
    * SINGER INDIA SAYS POST TRANSACTION SINGER INDIA WILL BE
OWNED
42.35% BY PUBLIC
    * SINGER INDIA SAYS POST TRANSACTION 24.3% OF CO WILL BE
OWNED BY
EXISTING PRIVATE INTERNATIONAL INVESTOR, 19.1% AND 14.2% BY TWO
NEW INVESTORS

Source text for Eikon:  ID:nBSE9yb9G0 
Further company coverage:  SNGR.BO 

 ((Reuters.Briefs@thomsonreuters.com;))