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Redington
BSE: 532805NSE: REDINGTONISIN: INE891D01026

14th-Feb-2020 20:09Source: BSE

Redington (India) - Announcement under Regulation 30 (LODR)-Updates on Acquisition

This has reference to our earlier announcement dated 8th March 2019 regarding investment of M/s. ProConnect Supply Chain Solutions Limited (ProConnect), a wholly owned subsidiary of the Company in M/s. Auroma Logistics Private Limited (Auroma).

We wish to inform you that we have been informed by ProConnect that it has acquired additional 10% stake in Auroma. 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.

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