Redington’s promoter sells 2 crore shares for Rs 195 crore

11 Nov 2014

Harrow Investment Holding, promoter of Redington (India) has sold 2 crore shares for Rs 97.55 per equity share, aggregating worth Rs 195 crore, in the company, while Reliance Capital Trustee Co has acquired 1.63 crore shares in several transactions for a share price of Rs 97.5, aggregating the amount to around Rs 159 crore.

The promoter company has been holding 7.32 crore shares in Redington India, which is around 18.34 per cent of the total shares in the company.

Redington (India) is engaged in the business of vendor-authorized end-to-end supply chain management of information technology (IT) hardware and software products. The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions.

Related Redington (India) Ltd. Links:

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181.50 -1.70 (-0.93%) Mar 05, 18:59
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