Redington India’s wholly owned subsidiary -- ProConnect Supply Chain Solutions has acquired 90% stake in Auroma Logistics (ALPL) and proposed to acquire the remaining stake after 3 years at a pre-agreed formula. The objective of the acquisition is to expand the business and operations of the ProConnect in consumer durable goods segment/vertical resulting in bringing net new businesses.
By virtue of aforesaid acquisition, the ALPL has become a subsidiary of ProConnect and step-down subsidiary of the company. ALPL is into business of Warehousing and Logistics with majority of the business covering consumer durable goods segment.
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 |
---|---|
Adani Enterprises | 3042.85 |
Redington | 220.15 |
Amrapali Industries | 14.47 |
Rashi Peripheral | 336.00 |
Compuage Infocom | 5.33 |
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