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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.


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