Date:26/09/11,
Private Equity,
Domestic Deal, Announced,
Cotton County Retail Ltd may sell 51% stake in the company to private equity investors. It has mandated Religare Capital Markets to find a buyer.
Cotton County Retail Ltd receives private equity investment of INR 1200 million from Sequoia Capital. In 2010-11, Cotton County issued bonus shares to Sequoia, thereby increasing its shareholding by 8.7% to 23% stake. Nahar Group holds the balance 77% stake in the company.
Cotton County incorporated in 2001 as Creative Textrade Pvt Ltd to trade in fabrics. In 2006, it became a wholly owned subsidiary of Nahar Industrial Enterprises Ltd. It is a manufactursand retails readymade garments in the domestic market under the brands Cotton County, French Republic, and Alpha.
Cotton County Retail Ltd receives private equity investment of INR 1200 million from Sequoia Capital. In 2010-11, Cotton County issued bonus shares to Sequoia, thereby increasing its shareholding by 8.7% to 23% stake. Nahar Group holds the balance 77% stake in the company.
Cotton County incorporated in 2001 as Creative Textrade Pvt Ltd to trade in fabrics. In 2006, it became a wholly owned subsidiary of Nahar Industrial Enterprises Ltd. It is a manufactursand retails readymade garments in the domestic market under the brands Cotton County, French Republic, and Alpha.
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