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Redington inks pact to sell entire stake in Ensure Support Services

01 Aug 2020 Evaluate

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.

Redington Share Price

275.90 -3.95 (-1.41%)
23-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 275.90
Amrapali Industries 38.19
Adani Enterprises 2963.70
Rashi Peripheral 735.75
PDS 354.30
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