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Redington’s arm acquires 90% stake in Auroma Logistics

08 Mar 2019 Evaluate

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

Redington Share Price

234.90 6.90 (3.03%)
17-Apr-2026 16:59 View Price Chart
Peers
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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