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Last Updated : Jul 19, 2011 12:50 PM IST | Source: CNBC-TV18

Post-sale stake Redington invites StanChart to join board

Redington India has invited a representative of Standard Chartered to their board. With a 12% stake, StanChart is the largest private equity stakeholder in the company.


The private equity arm of Standard Chartered may get an entry into the Board of Redington India due to an increase in their stake to 12%.


In an exclusive interview with CNBC-TV18, R Srinivasan, managing director of Redington India says that the company has invited a representative of Standard Chartered to their board. With a 12% stake, StanChart is the largest private equity stakeholder in the company.

First Published on Jul 19, 2011 11:28 am