PE player to invest $98 mln in Redington

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New Delhi, Oct 13 (UNI) Redington India Ltd today said private equity investor Investcorp Gulf Opportunity Fund Company will invest 98 million dollars for a 36 per cent stake in its Middle East and Africa (MEA) business.

The company has signed an agreement with Investcorp towards this effect, it said in a statement The transaction, which will value the company's MEA business at 272 million dollars, is expected get completed by the middle of next month.

UNI SG AK VC1940

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