Redington India’s overseas arm - Redington International Mauritius (RIML), has completed acquisition of 171,045 shares constituting 11.44% of its subsidiary Redington International Holdings (RIHL) from Investcorp. With the purchase of shares, RIML holding in RIHL has been increased to 80.96% from 69.52%.
Last year in December, RIML had fixed the purchase consideration for the transfer of 25.97% of shareholding in RIHL by Investcorp at $113 million.
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.
