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.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
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