Redington subsidiary signs $8 million device distribution agreement in Turkey

Redington Limited has informed the stock exchanges that its step-down subsidiary, Arena Bilgisayar Sanayi ve Ticaret AS, through its subsidiary Arena Connect Teknoloji Sanayi ve Ticaret AS, has entered into a definitive agreement with Datagate Bilgisayar Malzemeleri Ticaret AS.

The agreement involves the assignment of a Device Distribution and Supply Agreement with Vodafone Dağıtım, Servis ve İçerik Hizmetleri AS, and will be effective from October 1, 2025.

The deal is valued at approximately $8 million.

The unit contributed $420.4 million, representing 3.6% of Redington’s consolidated revenue in the financial year ending March 31, 2025.

The buyer, Datagate, is an IT distribution company based in Turkey and is not part of Redington’s promoter group. The transaction is not a related-party deal and does not fall under any scheme of arrangement.

Redington has submitted the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in line with applicable SEBI circulars.