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Private Equity | 15 December 2011

Redington Buys Back 25.97% Stake In Subsidiary From Investcorp

by Charmi Gutka
Redington Buys Back 25.97% Stake In Subsidiary From Investcorp
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@Redington_India_Li Limited is purchasing 25.97% stake of its subsidiary Redington International Holdings Ltd from Investcorp, a PE investor.

With this deal, Redington International Mauritius Ltd’s shareholding in RIHL will move to 95.56%, while the balance is held by employees of Redington group.

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RBI Eases FDI Norms For Equity Issuance

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