Redington Limited — Capital/Financing Update 2021

Nov 22, 2021

November 22, 2021

The National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051.

Sir/Madam,

Sub: Intimation about communication received from step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. (‘Arena’), Turkey about the update regarding acquisition of 100% shares of Brightstar Telekomünikasyon Dağıtım Ltd. Şti. (Brightstar)

This has reference to the intimation dated May 5, 2021 and September 13, 2021 about the communication received from step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. (“Arena”), Turkey about acquisition of 100% shares of Brightstar Telekomünikasyon Dağıtım Ltd. Şti. (Brightstar).

We wish to inform you that the Company has received communication from its step-down subsidiary, Arena, that it had concluded final consideration at USD 29 Million and also, they are expecting that the transaction will be completed latest by November 30, 2021.

We are enclosing the Annexure describing more details on the acquisition of shares.

Thanking you, Yours truly,

MUTHUKUMARAS Digitally signed by MUTHUKUMARASAMY AMY MUTHUKRISHNAN Date: 2021.11.22 16:57:34 MUTHUKRISHNAN +05'30'

M Muthukumarasamy Company Secretary

CC: BSE Ltd., Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

		Brightstar Telekomünikasyon Dağıtım Ltd.Şti. (Brightstar)For CY 2020, Brightstar recorded revenuesof approximatelyUSD 342 million. NoNAThe acquisition by Arena is subject toreceiving necessary regulatory approvalsincluding from the Competition Board, asalso fulfillment of certain mutually agreedconditions.November 30, 2021 (as against Q3 FY2021-22) subject to receipt of necessaryapprovals.As per the Agreement, Arena will pay USD29 Million in cash for acquiring 100%shares of Brightstar.CashNature of business: Brightstar Turkey’soperations primarily consist of value-added distribution of leading brands ofsmartphones,devices,consumerelectronics and accessories to telecomoperator(s).Country of presence: TurkeyDate of Incorporation: February 5, 2009Turnover details:CY 2020 – USD 342 MillionCY 2019 – USD 430 MillionCY 2018 – USD 690 Million
	Name of the target entity, details in brief suchas size, turnover etc.	Brightstar Telekomünikasyon Dağıtım Ltd.Şti. (Brightstar)For CY 2020, Brightstar recorded revenuesof approximatelyUSD 342 million.
	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity being acquired?If yes, nature of interest and details thereofand whether the same is done at “arm’slength”.	NoNA
	Brief details ofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	The acquisition by Arena is subject toreceiving necessary regulatory approvalsincluding from the Competition Board, asalso fulfillment of certain mutually agreedconditions.
	Indicative time period for completion of theacquisition	November 30, 2021 (as against Q3 FY2021-22) subject to receipt of necessaryapprovals.
	Cost of acquisition or the price at which theshares are acquired	As per the Agreement, Arena will pay USD29 Million in cash for acquiring 100%shares of Brightstar.
	Nature of consideration - whether cashconsideration or share swap and details of thesame	Cash
	Brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquired entityhas presence and any other significantinformation (in brief)	Nature of business: Brightstar Turkey’soperations primarily consist of value-added distribution of leading brands ofsmartphones,devices,consumerelectronics and accessories to telecomoperator(s).Country of presence: TurkeyDate of Incorporation: February 5, 2009Turnover details:CY 2020 – USD 342 MillionCY 2019 – USD 430 MillionCY 2018 – USD 690 Million