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Redington India announced its acquisition of a non-banking financial company
to facilitate financial support for its channel. “We have acquired a Delhi-based
finance company called Easyaccess for leveraging the finance capabilities of our
channel partners,” claimed SV Krishnan, CFO, Redington India.
Krishnan said, “The micro finance scheme is a buffer to a certain level, and
this kind of financial solution would benefit channel partners in a big way.” He
further felt that the move would give partners more confidence while doing
business. The finance venture would work towards preventing players from shying
out of the business. Without being in Redington's lap, Easyaccess would act as a
separate entity, and provide financial assistance to the channel, and Redington
would invest an amount close to Rs 80 crore for this purpose.
NR Sethuraman Page(s) 1
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