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| Exchange Disseminated Time 07/10/2015 10:21:13 | | Redington (India) Ltd has informed BSE that 'Redington Gulf FZE', a step down subsidiary of the Company has entered into a definitive agreement to acquire 70% of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus). This proposed acquisition is subject to regulatory approvals of authorities in Turkey. Established in 1995, Linkplus is a leading ORACLE Distributor in Turkey. The balance 30% will be acquired over a 3 year period. The Company has been valued around 6X future earnings. |
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