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Redington (India)’s overseas arm acquires 47.78% stake in ADEO

04 Sep 2013 Evaluate

Redington (India)’s overseas step down subsidiary, Arena Bilgisayar Sanayi ve Ticaret Anonim Sirketi, Turkey (Arena), has acquired 47.78% shares of ADEO Bilisim Danismanlik Hizmetleri San. ve Tic. A.S. (ADEO). The value of investment is $1,090,000.

Besides, Arena has also planned to make further investments of up to $150,000 in ADEO during the month, to increase its holding to 51% and make it as a subsidiary company.

ADEO provides information technology services including consultancy, outsourcing, productive resource utilization and training services in Turkey and abroad, to the companies and their partners operating in IT business.

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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