Redington (India) Ltd - 532805 - 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.14-02-2020