Redington India Ltd’s Subsidiary Acquires Stake In Linkplus

Redington Gulf FZE (RGF), a step down subsidiary of the company had acquired additional 10% stake from a shareholder of Linkplus for a consideration of USD 0.99 million. With this the total stake of RGF in Linkplus stands at 90%.

The deal has received approval from the Competition Board of Turkey to complete the acquisition. The stock is trading on a bearish mood slipping marginally on today’s intraday trade in the first half of trading hours on NSE. The stock attracted a trading volume of Rs 50571 shares and a traded value of 63.16 lakhs at 10:36 IST on NSE.

Redington (India) Limited is an India-based company, which operates in the information technology product distribution business, supply chain solutions and after sales services of information technology products. The company and its subsidiaries operate in India, the Middle East, Turkey, Africa and South Asia countries. 

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