Redington India 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.

In July this year, Standard Chartered Private Equity has bought 10% stake in Chennai-based Redington India Limited for Rs.365.13 Cr, while ECL Finance Ltd, the NBFC arm of Edelweiss has bought 2% stake in Redington for Rs.73 Cr.

Set up in 1961, Redington India, a part of Singapore-based Kewalram Chanrai Group, is an integrated supply chain solutions provider of IT and non-IT products. As on Marhc 2010, redington along with its subsidiaries has more than 75 brands, 23,600 channel partners, 78 warehouses and 68 sales offices.

In 2010, it bought 49% stake in Turkish computer equipment distributor - Arena Bilgisayar Sanayi & Ticaret AS for about $43 Mn.

Performance Of Redington On BSE

The current market cap of company is R2957Cr. For Sept 2011, it posted total income of R2742.83Cr wit PAT of R33.86Cr.

Redington India is backed by T Rowe Price and Chryscapital. Chryscapital had invested $14.80 Mn March'06 and exited by selling its stake in two tranches in 2008-09.

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