SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Redington informs about disclosure

02 Mar 2024 Evaluate
Redington has informed that a Sale and Purchase Agreement (‘SPA’) is executed on February 29, 2024, between Redington Gulf FZE, a wholly owned subsidiary of the Company, having its registered office at Jebel Ali Free Zone, Dubai, United Arab Emirates (‘Seller’), and Business Integrated Operating Systems FZ-LLC, Dubai, United Arab Emirates, (‘Purchaser’) for the sale of 100% of the equity/ ownership of Citrus Consulting Services FZ-LLC UAE, (‘Target’), a wholly owned subsidiary of the Seller and step down subsidiary of the Company. Consequent thereto, the Target will cease to be the subsidiary of the Seller and a step-down subsidiary of the Company. The deal is subject to regulatory approvals and fulfilment of conditions precedent as mentioned in the SPA. The additional details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed as Annexure hereto. The same will also be updated on the website of the Company at https://redingtongroup.com.

The above information is a part of company’s filings submitted to BSE.

Redington Share Price

234.90 6.90 (3.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×