Redington (India’s) promoter Harrow Investment Holding has offloaded around five percent stake in the firm for Rs 250 crore through an open market transaction. The firm has alliances with brands like Apple, Samsung, LG and Panasonic, among others.
Harrow Investment Holding has sold 1.99 crore shares or 4.98 per cent stake in Redington (India) at an average price of Rs 125, valuing the transaction at Rs 249.37 crore.
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.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
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