Redington India’s a step-down subsidiary-- Arena has entered into binding Share Purchase agreement (SPA) to acquire entire stake in Brightstar Telekomunikasyon Dagitim ?ti (Brightstar). The acquisition is subject to receiving necessary regulatory approvals including from the Competition Board, as also fulfillment of certain mutually agreed conditions. As per the Agreement, Arena will pay $35 million in cash for acquiring 100% shares of Brightstar.
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