SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Redington eyes acquisition in Africa, West Asia to go global

19 Jul 2010 Evaluate

Redington (India), country's leading distributor of electronics and computer-related products, peripherals and a supply chain solutions provider, is scouting for acquisitions in Africa and West Asia. This will help the company to become a global distributing major, according to sources.

Further according to sources, the company has zeroed in on a Turkish-based company Arena Bilgisayar. It may acquire at least two companies going forward. Africa, Middle East regions throw huge opportunities for Redington.

It has raised around $98 million from Investcorp way back in 2008 and the same will be utilised for acquisitions. These markets offer good opportunities to spend and will enable the company to improve its business manifold. It may be recalled that Investcorp, an asset management firm and Redington Gulf, the leading distributor and service provider of IT and telecom products in the Middle East and Africa, have entered into an agreement in October 2008 wherein the latter will make a $98m investment in Redington Gulf and become a significant minority shareholder of the company.

crackcrack

Redington Share Price

222.80 -1.70 (-0.76%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 222.80
Adani Enterprises 2505.65
Amrapali Industries 18.21
Rashi Peripheral 530.50
PDS 300.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×