Redington India has entered into a Share Purchase Agreement for the sale of its entire shareholding in Ensure Support Services (India), (Ensure) a wholly owned subsidiary, to Accel, subject to required regulatory approvals.
Ensure is in the business of providing after sales support services like warranty and out-of warranty services independently and on behalf of Original Equipment Manufacturers (OEM) and other allied services. This business vertical is not strategic to the future plans of the company and hence this divestment of 100% shareholding in Ensure.
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.
