Redington India Ltd had in advance introduced regarding investments of M/s. ProConnect Supply Chain Solutions Limited (ProConnect), a completely owned subsidiary of the Company in M/s. Rajprotim Supply Chain Solutions Limited (RCS).
ProConnect has announced that it had obtained additional 12% stake in RCS. The 12% stake was acquired for a attention of Rs. 11 Crores. With this acquisition, the overall retaining of ProConnect in RCS is increased from 88% to a hundred% and therefore pursuant to this acquisition, RCS turns into an entirely owned subsidiary of ProConnect.
Rajprotim Supply Chain Solutions Limited is included at Kolkata, India. It is into business of Warehousing and Logistics with attention in East and North East area of India.
Shares of REDINGTON (INDIA) LTD. Became ultimate buying and selling in BSE at Rs.108.05 as compared to the previous close of Rs. 109.85. The general variety of stocks traded throughout the day became 20897 in over 272 trades.
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