Redington India’s wholly owned subsidiary -- ProConnect Supply Chain Solutions has acquired additional 10% stake in Auroma Logistics (ALPL). With this acquisition, the total holding of ProConnect in Auroma is increased from 90% to 100% and Auroma becomes a wholly owned subsidiary of ProConnect.
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.
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.
