Druva Inc., the leader in Cloud Data Protection and Management, today announced that Redington (India) Limited has been appointed as the company’s national distributor in India.
Savex Technologies to buy Inflow Technologies for an undisclosed sum
May 07, 2021
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Inflow Technologies, a niche player in the IT infrastructure distribution services market in India and South Asia, has revenues of about $350 million (about ₹2,586 crore)
Mumbai-headquartered Savex Technologies, India’s third largest Information and Communication Technology (ICT) distributor, has signed an agreement to acquire Bengaluru-based Inflow Technologies Pvt Ltd for an undisclosed sum.
Under the contours of the deal, Savex will immediately acquire a significant majority in Inflow Technologies and the remaining stake will be acquired over the next two years. Following the deal, revenues of Savex Technologies’, which competes with companies such as Redington India and Ingram Micro, will immediately rise to about $3 billion from $2.5 billion.
1.
The Board of Directors of Arena has authorised its Chief Executive Officer, Serkan lik, to approach Brightstar Telekomikasyon Dat i. (Brightstar Turkey) and commence preliminary discussions regarding the potential acquisition of upto 100% of Brightstar Turkey from Brightstar Corp. and its affiliates.
2. Currently, Brightstar Turkey s operations primarily consist of value-added distribution of leading brands of smartphones, devices, consumer electronics and accessories to telecom operator(s).
3. Arena believes that the potential acquisition of Brightstar Turkey could deliver significant strategic value to Arena.
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Fidelity Asian Values Plc - Half-year Report
PR Newswire
Financial Highlights:
The Company s NAV rose by +22.5% over the six-month period.
The Company s share price increased by +27.7% compared with a +20.0% return of the Comparative Index.
Contacts
Anna-Marie Davis
PERFORMANCE REVIEW
Over the six month period ended 31 January 2021, the net asset value ( NAV ) of Fidelity Asian Values PLC rose by 22.5% and the share price by 27.7%, compared with a 20.0% return of the Comparative Index. While these numbers are encouraging, longer-term performance is not as strong as I would have hoped for.
In Asia, there was an expectation that investors would rotate out of growth stocks and into value names in the last quarter of 2020 in the hope that value would benefit from an economic recovery. However, this trend has not played out to the extent we expected and stock selection was the key driver of the Company s relative performance.
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