Redington India Ltd had earlier announced regarding investments of M/s. ProConnect Supply Chain Solutions Limited (ProConnect), a wholly owned subsidiary of the Company in M/s. Rajprotim Supply Chain Solutions Limited (RCS).
ProConnect has announced that it had acquired additional 12% stake in RCS. The 12% stake was acquired for a consideration of Rs. 11 Crores. With this acquisition, the total holding of ProConnect in RCS is increased from 88% to 100% and hence pursuant to this acquisition, RCS becomes a wholly owned subsidiary of ProConnect.
Rajprotim Supply Chain Solutions Limited is incorporated at Kolkata, India. It is into business of Warehousing and Logistics with focus in East and North East region of India.
Shares of REDINGTON (INDIA) LTD. was last trading in BSE at Rs.108.05 as compared to the previous close of Rs. 109.85. The total number of shares traded during the day was 20897 in over 272 trades.
The stock hit an intraday high of Rs. 110.1 and intraday low of 107.6. The net turnover during the day was Rs. 2286598.