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Redington India’s arm acquires entire stake in Brightstar

02 Dec 2021 Evaluate

Redington India’s step-down subsidiary -- Arena Bilgisayar Sanayi Ve Ticaret A.S. (Arena) has completed acquisition of 100% shares in Brightstar Telekomunikasyon Dagitim (Brightstar) on December 1, 2021. The cost of acquisition is $ 26.5 million. Brightstar Turkey’s operations primarily consist of value added distribution of leading brands of smartphones, devices, consumer electronics and accessories to telecom operators.

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 349.60
Adani Enterprises 2682.00
Amrapali Industries 32.78
Maxgrow India 174.80
Rashi Peripheral 689.15
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