Shares of Redington India were up over 2% at Rs 79 after the company announced that CtrlS Datacenters Ltd has appointed the company as National Distributor for its cloud offerings.
CtrlS is a part of Pioneer Group, which is primarily involved in IT - services, consulting and infrastructure. CtrlS has developed the capabilities to provide platform level services which includes data center infrastructure, storage, backup, hardware, OS layers, network and security layers, the release said.
This partnership will enable Redington to enhance its "Cloud" portfolio and is expected to offer significant value to its partners in an emerging technology area, the release added.
Over 180,000 shares were traded on both the stock exchanges so far.