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,

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.