Redington India’s arm hikes stake in Linkplus to 80%

19 May 2016

Redington Gulf FZE (RGF), a step down subsidiary of Redington (India) has acquired additional 10% stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) for a consideration of $1.15 million. Consequently, the total stake of RGF in Linkplus is 80%.

The balance 20% shares will be purchased on equitable basis during CY16 and CY17 at a P/E multiple of 5X. Last year in November, RGF has entered into a definitive agreement to acquire 70% stake in Linkplus.

Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.


Related Redington (India) Ltd. Links:

Redington Share Price

136.75 4.05 (3.05%) Jan 19, 18:59
1 Year Price Chart
Peers
Company Name CMP
MMTC 30.40
Redington 136.75
Adani Enterprises 530.05
Amrapali Industries 4.28
Gujarat Gas 368.50
View more..
Sensex vs Redington
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback