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Redington India’s overseas arm to buy 25.97% stake in RIHL

14 Dec 2011 Evaluate

Redington International Mauritius (RIML), wholly owned overseas subsidiary of Redington (India), intends to purchase 25.97% shares of its subsidiary Redington International Holdings (RIHL), from Investcorp (IVC), a private equity investor. The proposed share purchase is carried out through a Share Purchase Agreement entered with IVC on December 13, 2011 and expected to be completed in a three months’ time.

Following this purchase of shares, RIML’s shareholding in RIHL will move to 95.56% and the balance is held by employees of Redington group.

Earlier in November, Redington India’s wholly owned subsidiary Cadensworth (India) entered into a strategic relationship with EMC Data Storage System (India), a leading provider of information infrastructure solutions.

Redington (India) engages in the business of vendor-authorized end-to-end supply chain management of information technology (IT) hardware and software products. The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions.

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
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