HomeNewsBusinessCompaniesPost-sale stake Redington invites StanChart to join board

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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.

July 19, 2011 / 12:50 IST

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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.

TAGS: #Business #FII #Foreign Institutional Investors #Kewalram Chanrai Group #Mitali Mukherjee #Redington (India) #Standard Chartered #Synnex #Udayan Mukherjee

first published: Jul 19, 2011 11:28 am

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