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    REDINGTON   INE891D01026

REDINGTON (INDIA) LIMITED

(REDINGTON)
  Report
Delayed NSE India Stock Exchange  -  06:22 2022-08-10 am EDT
141.70 INR   -2.17%
08/03TRANSCRIPT : Redington Limited, Q1 2023 Earnings Call, Aug 04, 2022
CI
08/03Redington Limited Announces Address Changes of Registered Office, Effective September 1, 2022
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08/03Redington Limited Approves Dividend for the Financial Year Ended March 31, 2022
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Redington India : Acquisition

05/27/2022 | 09:44am EDT

May 27, 2022

The National Stock Exchange of India Limited,

BSE Limited

Exchange Plaza,

Floor 25, Phiroze Jeejeebhoy Towers,

Bandra-Kurla Complex,

Dalal Street, Mumbai - 400 001

Bandra (E), Mumbai - 400051.

Symbol: REDINGTON

Scrip: 532805

Sir/Madam,

Sub: - Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

This is to inform you that Redserv Global Solutions Limited ("RGSL"), a wholly-owned subsidiary of the Company has acquired Redserv Business Solutions Private Limited ("RBSPL").

Before the above-said transaction, RBSPL was a wholly-owned subsidiary of Redington Gulf FZE which is, in turn a step-downwholly-owned subsidiary of the Company.

Accordingly, RBSPL has become a wholly-owned subsidiary of RGSL and a step-down wholly- owned subsidiary of the Company.

We are enclosing the Annexure describing more details. Thanking you.

Yours truly,

MUTHUKUMARAS Digitally signed by

MUTHUKUMARASAMY

AMYMUTHUKRISHNAN MUTHUKRISHNAN Date: 2022.05.27 17:49:23

+05'30'

  1. Muthukumarasamy Company Secretary

Annexure - 1

S. No

Particulars

Details

1

Name of the target entity, details in brief such as

Redserv Business Solutions Private Limited

size, turnover etc.

Authorized share capital - Rs. 10,00,000.

Paid-up share capital - Rs. 10,00,000.

2

Whether the acquisition would fall within

related

The acquisition does not fall under the

party transaction and whether the promoter/

related party transactions since the

promoter group/ group companies have any

transactions are between two wholly-owned

interest in the entity being acquired? If yes, nature

subsidiaries.

of interest and details thereof and whether the

same is done at "arms-length"

3

Industry to which the entity being acquired belong

IT-enabled shared services

4

Objects and effects of acquisition (including but

The investment will strengthen the presence

not limited

to, disclosure

of reasons for

of the acquirer in the field of IT-enabled

acquisition of target entity, if its business is outside

shared services and efficiency in operations.

the main line of business of the listed entity)

5

Brief details of any governmental or regulatory

No governmental or regulatory

approvals required for the acquisition;

approvals are required.

6

indicative time period for completion of the

Completed on May 26, 2022

acquisition

7

Nature of

consideration -

whether

cash

Cash considerations.

consideration

or share swap

and details of the

same

8

Cost of acquisition or the price at which the shares

100,000 equity shares at the value of Rs. 8.62

are acquired

per share.

9

Percentage of shareholding / Control acquired

100% acquired by RGSL

and / or number of shares acquired

10

Brief background about the entity acquired in

RBSPL was incorporated on March 27, 2017,

terms of products/line of business acquired, date

currently engaged in business of IT-enabled

of incorporation, history of last 3 years turnover,

enabled services.

country in which the acquired entity has

presence and any other significant

Turnover of the last 3 financial year.

information (in brief)

(Rs in thousands)

2019-20 - Rs. 226.

2020-21 - Rs. 9,152

2021-22 - Rs. 29,756.

Disclaimer

Redington (India) Limited published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 13:42:20 UTC.


© Publicnow 2022
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Financials
Sales 2023 715 B 8 990 M 8 990 M
Net income 2023 13 073 M 164 M 164 M
Net cash 2023 6 788 M 85,3 M 85,3 M
P/E ratio 2023 8,71x
Yield 2023 6,63%
Capitalization 113 B 1 422 M 1 422 M
EV / Sales 2023 0,15x
EV / Sales 2024 0,14x
Nbr of Employees 4 025
Free-Float 70,1%
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Rajiv Srivastava Managing Director & Executive Director
S. Vasant Krishnan Global CFO & Executive Director
V. Ravi Shankar Chief Financial Officer
Jayaraman Ramachandran Independent Non-Executive Chairman
Gurbir Singh Bhatia Chief Information Officer
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