Apple Inc's plans to open single-brand stores in India may be facing a roadblock currently, but being the largest distributer of Apple products, Krishnan says Redington is still at an advantage as Apple plans to increase market share in the country.
Raj Shankar, deputy managing director, Redington India says the new refinance terms allows for the loan to be repaid at LIBOR plus 3.5 percent instead of 3.5 percent as was earlier.
Redington India has invited a representative of Standard Chartered to their board. With a 12% stake, StanChart is the largest private equity stakeholder in the company.
R Srinivasan, MD of Redington India, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that the two major shareholders Synnex from Taiwan and Kewalram Chanrai Group from Singapore pared down their stakes in the company and StanChart Private Equity would be the likely buyer.
Raj Shankar, deputy managing director of Redington, in an interview with CNBC-TV18, talked about the latest happenings in the company.
In an interview with CNBC-TV18, SV Krishnan, CFO, Redington India said the company is doing very well. “We closed the last financial year with very good growth in terms of revenue as well as in terms of earnings. The outlook also looks positive,” he added.