|
| Exchange Disseminated Time 27/11/2015 12:59:55 | With reference to the earlier announcement dated October 07, 2015 regarding, Redington Gulf FZE (RGF), a step down subsidiary of the Company entering into a definitive agreement to acquire 70% stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus).
In this regard, Redington (India) Ltd has now informed BSE that the Company have received a communication from RGF that they have obtained the requisite approvals and have completed the acquisition of 70% stake in Linkplus for a consideration of USD 5.75 Million. The balance 30% shares will be purchased on equitable basis from CY15 to CY17 at a P/E multiple of 5X. |
|
|