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Redington’s arm acquires additional 12% stake in RCS

Redington India’s wholly owned subsidiary — ProConnect Supply Chain Solutions has acquired additional 12% stake in Rajprotim Supply Chain Solutions (RCS). With this acquisition, the total holding of ProConnect in RCS is increased from 88% to 100% and hence pursuant to this acquisition, RCS becomes a wholly owned subsidiary of ProConnect.

The objective of acquisition is to expand the business operations of ProConnect resulting in addition of Customers, warehousing and transportation contracts.

Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.

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