Skip to main content

MoneyWorks4Me

Redington’s promoter sells 5 percent stake

07 Jul 2017 Evaluate

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.

Peers
Company Name CMP
Redington 330.15
Adani Enterprises 2610.10
Amrapali Industries 34.56
Maxgrow India 176.00
Rashi Peripheral 787.10
View more..