Redington Limited — Capital/Financing Update 2018

Nov 21, 2018

Corporate Office Redington [India] Limited Guindy. Chennai- 600031 |ND|A Tet : +91 1.1» 6224 3353 Fax : +91 M 2225 3799 CIN : L52599TN'I961PLC028758 www,redingtongroup,com

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21't November 2018

National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla complex Bandra(E), Mumbai 400 051

Sub: Update on Acquisition ofshares of Citrus Consulting Services FZ LLC

Dear Sir/Madam,

We wish to inform you that we have been informed by Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of the Company, that it had acquired additional 24.8% stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company. With this acquisition, the total holding of Redington Gulf in Citrus had increased from 60% to 84.8%.

The details as required under Regulation 30 of the SEBl (Listing Obligations and Disclosure Requirement) Regulations, 2015 read with SEBl circular dated ClR/CFD/CMD/4/2015 dated September 9, 2015 is given in Annexure A.

Kindly take note of the intimation accordingly.

Thanking you

Yours truly,

Cc: BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001

Annexure A

Details of acquisition of shares by Redington Gulf in Citrus

Name ofthe targetdetails in briefentity,such assize, turnoveretc.	Citrus ConsultingServices FZ LLC.
	Details ofTurnoveras on 315' March2018:AED 853,123
Whethertheacquisition wouldfallwithinrelated	No
transaction(s) and whetherpartythepromoter/
promotergroup/grouphavecompaniesany
interesttheinIfentitybeingacquired?yes,
natureofinterestdetailsthereofandand
whetherthesame is doneat "armslength"
towhichtheindustryentitybeingacquired	SoftwareConsultancy services.
belongs
Objects and effects ofacquisition(including	Redington Gulfalready has a controllingstake and it
butnotlimiteddisclosure ofreasons forto,	had increased from60% to84.8% now.
acquisition ofifits businesstargetentity,is
theoutsideofmainlineofthebusinesslisted
entity)
grieforofdetailsany governmentalregulatory	Approval ofDubai CreativeCluster Authority(DCCA)
fortheapprovals requiredacquisition	forhad been obtainedtheacquisition
Indicativetimeforofperiodthecompletion	Alreadycompleted.
acquisition
ofNatureconsideration-whethercash	Cash consideration
considerationor sharedetails ofandtheswap
same
Cost ofacquisition or theprice at which the	AED 93,000
shares are acquired
Percentage ofshareholdingacquired	24.8%
Briefaboutthebackgroundentityinacquired	ofNaturebusiness:TheCompanyisproviding
oftermsofproducts/linebusiness acquired,date	softwareconsultancy services.
ofofincorporation,last 3 yearshistoryturnover,	ofCountrresence: UnitedArab Emirates
whichthecountryinacquiredentityhas	Date oforation:Incor20th April2017
otherandpresenceinformationanysignificant	Total Revenue:FY 2018 —AED 853,123
(in brief)

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