Redington India is currently trading at Rs. 125.30, up by 0.50 points or 0.40% from its previous closing of Rs. 124.80 on the BSE.
The scrip opened at Rs. 125.40 and has touched a high and low of Rs. 126.40 and Rs. 124.05 respectively. So far 8,350 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 137.50 on 04-May-2017 and a 52 week low of Rs. 79.70 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 133.50 and Rs. 123.85 respectively. The current market cap of the company is Rs. 5,010.00 crore.
The promoters holding in the company stood at 8.20%, while Institutions and Non-Institutions held 52.05% and 39.75% respectively.
Redington India’s step down subsidiary - Redington Gulf FZE (RGF), has acquired additional 10% stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) from shareholder of Linkplus for a consideration of $0.99 milion. With this the total stake of RGF in Link plus now stands at 90%.
Earlier, RGF had acquired 70% and subsequently 10 % stake in Linkplus. As of March 31, 2017, RGF held 80% shares of Linkplus.
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.
