"The company have received a communication from RGF that they have obtained the requisite approvals and have completed the acquisition of 70 per cent stake in Linkplus for a consideration of USD 5.75 million," Redington (India) Ltd said in a BSE filing.
It further said: "The balance 30 per cent shares will be purchased on equitable basis from calender year 2015 to calender year 2017 at a P/E multiple of 5X."
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