Standard Chartered Private Equity has increased its stake in Redington (India) by acquiring 3.48 per cent shares in the company, taking up the total shareholding to 15.41 percent, worth over Rs 150 crore. The private equity firm has acquired 1,39,19,094 shares in the company.
Recently, Morgan Stanley Asia (Singapore) Pte sold Rs 153.11 crore worth of shares in Redington (India) through bulk deals on October 5. Dahlia Commodities Services has bought the same number of shares during the day.
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.
