Redington India’s overseas arm - Redington International Mauritius (RIML), has fixed the purchase consideration for the transfer of 25.97% of shareholding in RIHL by Investcorp at $113 million.
Earlier, RIML had intended to purchase 25.97% shares of its subsidiary RIHL, from Investcorp (IVC), a private equity investor. The proposed share purchase was carried out through a Share Purchase Agreement entered with IVC on December 13, 2011 and expected to be completed in a three months’ time.
Redington (India) engages in the business of vendor-authorized end-to-end supply chain management of information technology (IT) hardware and software products. The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions.
