Redington (India) Limited Buyback 2018
(i) Redington, commencing its Indian operations in 1993, is today positioned as the largest Supply Chain Solution Provider in emerging markets. As a group, Redington is present in India, Middle East, Africa, Turkey, Srilanka, Bangladesh, Singapore, and CIS countries.
(ii) Redington provides end-to-end supply chain solutions for all categories of Information Technology products (PCs, PC building blocks, networking, software and enterprise solution products) and Consumer and Lifestyle products (Telecom, Digital Lifestyle products, Entertainment products, and Digital Printing Machines) to over 200 international brands and relationship with major brands have been for years.
(iii) With its corporate office in Chennai, it has 48 Sales locations across India. In addition, through its subsidiaries both in India and overseas, Redington has 81 Sales offices, 147 warehouses, and 77 own service centers and 266 partner centers. A team comprising of over 1500 highly skilled and committed professionals helps the Company deliver its products and services to every corner of the country. The team is supported by robust IT & Communication infrastructure connecting all the locations of the company and a state of the art ERP and e-commerce backbone. Redington has built its business on very strong ethical and commercial fundamentals which have not only helped it to consistently exceed the industry growth rate but has also enabled to firmly establish it as the “partner of choice” with most of its vendors and business partners. A compounded annual growth rate of 52% over the past 23 years has enabled Redington to generate a revenue of over Rs. 35,476.33 crores during fiscal 2015 – 16, underlining the very strong foundation and prudent practices on which the company’s business practices have been built.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Sep 28 2018|
|Buyback Opening Date:||Nov 06 2018|
|Buyback Closing Date:||Nov 22 2018|
|Buyback Offer Amount:||₹ 139 Cr|
|Date of Board Meeting approving the proposal:||Sep 17 2018|
|Date of Public Announcement:||Sep 17 2018|
|Buyback Offer Size:||2.78%|
|Buyback Number of Shares:||11,120,000|
|Buyback Price:||₹ 125 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Year||Revenue(Cr)||PAT(Cr)||EBITDA Margins||Profit Margins||EPS||ROE||ROCE|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,76,000||1,76,000||1,76,000||1,76,000|
|(ii) No. of Shares buyback||528||800||1200||1600|
|(iii) BuyBack Profit||7920||12000||18000||24000|
Company Contact Details:
Redington (India) Limited Redington (India) Limited Ground Floor, "Centre Point" Plot No. 8 and 11 (SP) Thiru-Vi-Ka Industrial Estate, Ekkaduthangal Guindy, Chennai - 600 032 Phone No. 04442243353 Fax No. 04422253799 website :www.redingtonindia.com