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Redington India’s arm concludes acquisition of RIHL

22 Feb 2012 Evaluate

Redington India’s overseas arm - Redington International Mauritius (RIML), has completed acquisition of balance 216,965 shares constituting 14.50% of its subsidiary Redington International Holdings (RIHL) from Investcorp. With the purchase of shares, RIML holding in RIHL has been increased to 95.46% from 80.96%.

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.

Peers
Company Name CMP
Redington 349.60
Adani Enterprises 2682.00
Amrapali Industries 32.78
Maxgrow India 174.80
Rashi Peripheral 689.15
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