MoneyWorks4Me

Redington India’s arm to sell its 51% stake in Turkey based subsidiary

11 Apr 2017 Evaluate

Redington India’s overseas step down subsidiary ‘Arena Bilgisayar Sanayi Ve Ticaret A.S’ has decided to sell its entire holding of 51% in its subsidiary Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey. The company has entered into agreement for sale on March 31, 2017. The consideration to be received from such a sale stands around $1.65 million to be received over a period of time.

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.



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