Accel To Acquire Redington's Computer Repair And Peripheral Business
Accel Ltd has signed a share purchase agreement with Redington to acquire Ensure Support Services (India) Ltd for a Rs 31 crore in cash.
Ensure Support Services is into computer repairs and communication equipment peripherals. In 2019-20 the company reported a turnover of Rs 105.75 crore.
Accel will acquire 100 per cent ownership consisting of 4.5 million equity shares at Rs 10 each.
Ensure Support Services is in the business of providing after-sales support in the nature of warranty fulfillment services, spare parts management, infrastructure management, and break-fix maintenance as paid services, managed print services and e-waste management independently or on behalf of Original equipment manufacturers (OEM).
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more