Redington announced that its step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has completed the divestment of its wholly owned subsidiary, Paynet Ödeme Hizmetler A.ª (Paynet) to Iyzi Payment and Electronic Money Services Inc on 13 February 2025. Consequently, Paynet has ceased to be a subsidiary of Arena.
The consideration received from such sale is USD 87.00 Million plus net cash of USD 2.29 Million, aggregating to USD 89.29 Million.
Redington announces divestment of Paynet in Turkey
07 - Feb - 2025 12:00 | 82 days ago
Redington announced that its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has received the approval of the Turkish Competition Authority and the Central Bank of the Republic of Turkey for divestment of its entire stake in wholly owned subsidiary, Paynet Ödeme Hizmetler A.S (Paynet) to Iyzi Payment and Electronic Money Services Inc.
Redington consolidated net profit rises 17.47% in the December 2024 quarter
06 - Feb - 2025 12:00 | 83 days ago
Net profit of Redington rose 17.47% to Rs 400.31 crore in the quarter ended December 2024 as against Rs 340.78 crore during the previous quarter ended December 2023. Sales rose 13.66% to Rs 26716.08 crore in the quarter ended December 2024 as against Rs 23504.97 crore during the previous quarter ended December 2023.
Redington announces divestment of Paynet in Turkey
07 - Feb - 2025 12:00 | 82 days ago
Redington announced that its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has received the approval of the Turkish Competition Authority and the Central Bank of the Republic of Turkey for divestment of its entire stake in wholly owned subsidiary, Paynet Ödeme Hizmetler A.S (Paynet) to Iyzi Payment and Electronic Money Services Inc.
Redington consolidated net profit rises 17.47% in the December 2024 quarter
06 - Feb - 2025 12:00 | 83 days ago
Net profit of Redington rose 17.47% to Rs 400.31 crore in the quarter ended December 2024 as against Rs 340.78 crore during the previous quarter ended December 2023. Sales rose 13.66% to Rs 26716.08 crore in the quarter ended December 2024 as against Rs 23504.97 crore during the previous quarter ended December 2023.
Redington announced that its step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has completed the divestment of its wholly owned subsidiary, Paynet Ödeme Hizmetler A.ª (Paynet) to Iyzi Payment and Electronic Money Services Inc on 13 February 2025. Consequently, Paynet has ceased to be a subsidiary of Arena.
The consideration received from such sale is USD 87.00 Million plus net cash of USD 2.29 Million, aggregating to USD 89.29 Million.
Redington announces divestment of Paynet in Turkey
07 - Feb - 2025 12:00 | 82 days ago
Redington announced that its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has received the approval of the Turkish Competition Authority and the Central Bank of the Republic of Turkey for divestment of its entire stake in wholly owned subsidiary, Paynet Ödeme Hizmetler A.S (Paynet) to Iyzi Payment and Electronic Money Services Inc.
Redington consolidated net profit rises 17.47% in the December 2024 quarter
06 - Feb - 2025 12:00 | 83 days ago
Net profit of Redington rose 17.47% to Rs 400.31 crore in the quarter ended December 2024 as against Rs 340.78 crore during the previous quarter ended December 2023. Sales rose 13.66% to Rs 26716.08 crore in the quarter ended December 2024 as against Rs 23504.97 crore during the previous quarter ended December 2023.
Redington announced that its step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has completed the divestment of its wholly owned subsidiary, Paynet Ödeme Hizmetler A.ª (Paynet) to Iyzi Payment and Electronic Money Services Inc on 13 February 2025. Consequently, Paynet has ceased to be a subsidiary of Arena.
The consideration received from such sale is USD 87.00 Million plus net cash of USD 2.29 Million, aggregating to USD 89.29 Million.
Redington announces divestment of Paynet in Turkey
07 - Feb - 2025 12:00 | 82 days ago
Redington announced that its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has received the approval of the Turkish Competition Authority and the Central Bank of the Republic of Turkey for divestment of its entire stake in wholly owned subsidiary, Paynet Ödeme Hizmetler A.S (Paynet) to Iyzi Payment and Electronic Money Services Inc.
Redington consolidated net profit rises 17.47% in the December 2024 quarter
06 - Feb - 2025 12:00 | 83 days ago
Net profit of Redington rose 17.47% to Rs 400.31 crore in the quarter ended December 2024 as against Rs 340.78 crore during the previous quarter ended December 2023. Sales rose 13.66% to Rs 26716.08 crore in the quarter ended December 2024 as against Rs 23504.97 crore during the previous quarter ended December 2023.
Redington announces divestment of Paynet in Turkey
07 - Feb - 2025 12:00 | 82 days ago
Redington announced that its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena) has received the approval of the Turkish Competition Authority and the Central Bank of the Republic of Turkey for divestment of its entire stake in wholly owned subsidiary, Paynet Ödeme Hizmetler A.S (Paynet) to Iyzi Payment and Electronic Money Services Inc.
Redington consolidated net profit rises 17.47% in the December 2024 quarter
06 - Feb - 2025 12:00 | 83 days ago
Net profit of Redington rose 17.47% to Rs 400.31 crore in the quarter ended December 2024 as against Rs 340.78 crore during the previous quarter ended December 2023. Sales rose 13.66% to Rs 26716.08 crore in the quarter ended December 2024 as against Rs 23504.97 crore during the previous quarter ended December 2023.
