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| Exchange Received Time 23/05/2017 22:38:50 Exchange Disseminated Time 23/05/2017 22:38:57 Time Taken 00:00:07 | | This has reference to our earlier announcement dated 27th November 2015 and 18th May 2016 regarding, Redington Gulf FZE (RGF), a step down subsidiary of the Company acquiring 70% and subsequently 10 % stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus). We wish to inform you that we have been informed by our subsidiary RGF that it had acquired additional 10% stake (As of 31st March 2017 RGF holds 80% shares of Linkplus) from shareholder of Linkplus for a consideration of USD 0.99 Mn. With this the total stake of RGF in Link plus is 90%. We are enclosing herewith the particulars of acquisitions pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
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