Redington (India) Ltd will acquire25.97 per cent stake of its overseas business holding arm RedingtonInternational Holding Ltd from private equity fund Investcorp for $113 million.Currently, Redington India owns 69.94 per cent stake in the Cayman Island-basedarm through a 100 per cent wholly owned Redington International Mauritius Ltd.
Through the transaction RedingtonIndia's ownership in Redington International will increase to 95.56 per cent,and the balance will be held by the company's employees. RedingtonInternational handles the Gulf region, which contributed nearly 45 per cent ofRedington's revenue in 2010-11. The Chennai-based Redington is in the businessof supply chain management for information technology and non-IT products
