Redington shines with arm acquiring extra 24.Eight% stake in Citrus

Redington shines with arm acquiring extra 24.Eight% stake in Citrus

by admin- Thursday, November 22nd, 2018 04:41:03 PM

Redington (India) is currently buying and selling at Rs. 89.15, up through 1.20 points or 1.36% from its previous ultimate of Rs. 87.Ninety five at the BSE.

The scrip opened at Rs. 87.00 and has touched a excessive and coffee of Rs. Ninety.Ninety five and Rs. 86.50 respectively. So a ways 7262 stocks had been traded at the counter.

The BSE institution ‘A’ inventory of face value Rs. 2 has touched a fifty two week excessive of Rs. 198.00 on 29-Nov-2017 and a fifty two week low of Rs. Seventy eight.45 on 25-Oct-2018.

Last one week high and occasional of the scrip stood at Rs. 94.Forty and Rs. 86.50 respectively. The cutting-edge marketplace cap of the business enterprise is Rs. 3595.55 crore.

The Institutions and Non-Institutions protecting in the corporation stood at 56.27% and forty three.73% respectively.

Redington’s (India) step-down subsidiary– Redington Gulf FZE, (Redington Gulf) has received a further 24.Eight% stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary organisation.
With this acquisition, the overall preserving of Redington Gulf in Citrus has increased from 60% to eighty four.8%.

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