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Redington’s arm planning to acquire 10% stake in Linkplus

24 May 2018 Evaluate

Redington India’s step down subsidiary -- Redington Gulf FZE (RGF) -- is planning to acquire the remaining 10% from the shareholder of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) for a consideration of $0.90 million. This transaction will be executed this week. With this, RGF will hold 100% 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.


Peers
Company Name CMP
Redington 326.75
Adani Enterprises 2578.00
Amrapali Industries 36.10
Maxgrow India 177.50
Rashi Peripheral 784.60
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