Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Redington soars with arm acquiring additional 12% stake in RCS

14-Sep2018

Redington soars with arm acquiring additional 12% stake in RCS

Redington (India) is currently trading at Rs. 111.90, up by 1.80 points or 1.63% from its previous closing of Rs. 110.10 on the BSE.

The scrip opened at Rs. 111.75 and has touched a high and low of Rs. 113.60 and Rs. 111.45 respectively. So far 20724 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.05 on 10-Nov-2017 and a 52 week low of Rs. 89.00 on 21-Aug-2018.

Last one week high and low of the scrip stood at Rs. 115.35 and Rs. 103.75 respectively. The current market cap of the company is Rs. 4473.93 crore.

The Institutions and Non-Institutions held 57.92% and 42.08% stake respectively, in the company.

Redington India's wholly owned subsidiary -- ProConnect Supply Chain Solutions (ProConnect) has acquired additional 12% stake in Rajprotim Supply Chain Solutions (RCS). With this acquisition, the total holding of ProConnect in RCS is increased from 76% to 88%.

Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.


Related News

View all news

Sasken Technologies trades in green on the BSE

Sasken Technologies is currently trading at Rs. 985.05, up by 10.90 points or 1.12% from its previous closing of Rs. 974.15 on the BSE.The scrip opened at Rs. 988.00 and has touched a high and low of Rs.......

SpiceJet gains on launching direct flights from Guwahati to Patna, Hyderabad

Spicejet is currently trading at Rs. 77.40, up by 1.25 points or 1.64% from its previous closing of Rs. 76.15 on the BSE.The scrip opened at Rs. 76.30 and has touched a high and low of Rs. 77.65 and Rs.......

Dion gains on launching WIN platform at Annual Wealth Management Conference 2018

Dion Global Solutions is currently trading at Rs. 14.25, up by 0.20 points or 1.42 % from its previous closing of Rs. 14.05 on the BSE.The scrip opened at Rs. 15.50 and has touched a high and low of Rs.......

Top News

View all news

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......

Wipro features as leader in Everest Group's Digital Workplace Services PEAK Matrix

Wipro has been positioned as a leader in Everest Group's Digital Workplace Services - Market Trends and PEAK Matrix assessment. The report was published in June 2018. Everest Group evaluated and featured......

SAIL nearly completes Rs 72,000 crore modernization, expansion programme

Steel Authority of India (SAIL) has almost completed around Rs 72,000 crore modernisation and expansion programme. The modernisation and expansion programme was undertaken by the company to increase its......