Redington gains as Reliance Capital Trustee Co acquires its 1.63 crore shares

11 Nov 2014

Redington (India) is currently trading at Rs. 105.55, up by 7.65 points or 7.81 % from its previous closing of Rs. 97.90 on the BSE.

The scrip opened at Rs. 108.00 and has touched a high and low of Rs. 109.95 and Rs. 105.10 respectively. So far 260789 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 120.00 on 03-Sep-2014 and a 52 week low of Rs. 59.25 on 13-Nov-2013.

Last one week high and low of the scrip stood at Rs. 104.50 and Rs. 96.25 respectively. The current market cap of the company is Rs. 4251.70 crore.

The promoters holding in the company stood at 18.34 % while Institutions and Non-Institutions held 48.02 % and 33.64 % respectively.

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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