Standard Chartered increases stake in Redington

Private equity firm acquired 3.48 per cent shares in the company, taking up the total shareholding to 15.41 percent, worth over Rs 150 crore

Standard Chartered Private Equity has increased its stake in Redington (India) by acquiring 3.48 per cent shares in the company, taking up the total shareholding to 15.41 percent, worth over Rs 150 crore. 

According to a regulatory filing by Redington, the private equity firm acquired 1,39,19,094 shares in the company. While the price has not been disclosed, the share prices of the company have been at Rs 108.7 per share, which means the accumulated value of the shares acquired would be around Rs 151.3 crore.